After Which of the Following Transactions Will the Accounting Equation

question 57

Multiple Choice

After which of the following transactions will the accounting equation NOT balance?

• A) theft of inventory by an employee
• B) receipt by the business of a gift from a grateful customer
• C) discovery of a reef of gold on land owned by the business
• D) payment to a supplier recorded as an increase in an asset and a decrease from another asset.

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Definitions:

Events

Occurrences or happenings that are noteworthy or significant, often marked by certain ceremonies or activities.

Learning

The method of obtaining new, or changing current, knowledge, behaviors, skills, values, or preferences.

Operant Behavior

Behavior that is controlled by its consequences, including rewards and punishments, in the context of learning.

Complaining

The expression of dissatisfaction or annoyance about something.