Which of the Following Would Result If the Business Purchased

question 82

Multiple Choice

Which of the following would result if the business purchased supplies on credit?

• A) Supplies would increase and Cash would decrease.
• B) Supplies would increase and Capital would increase.
• C) Supplies would increase and Accounts Payable would increase.
• D) The purchase of supplies is not a business transaction.

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Definitions:

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Prosocial

Behaviors that are intended to help or benefit others.

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A theory of cognitive development proposed by Jean Piaget that describes how children develop logical thinking and reasoning skills through four stages.