Which of the Following Would Result If a Business Purchased

question 59

Multiple Choice

Which of the following would result if a business purchased Equipment paying a 40% down payment in cash?

• A)Equipment would increase and Cash would decrease.
• B)Accounts Payable would increase.
• C)Since the equipment has not been paid in full,there is nothing to record.
• D)Both A and B are correct.

---

Definitions:

Proportion

The relative size or ratio of a part to the whole, expressed as a fraction or percentage.

Analysis of Variance

A statistical method used to test the differences between two or more means by examining variance.

Tukey-Kramer Procedure

A statistical method used to perform multiple comparisons tests between group means after an ANOVA to find which means are significantly different from each other.

Significant Differences

Statistical evidence that two or more groups have values that are not likely to be the same purely by chance.