The Effect on the Accounting Equation of the Business Purchasing

question 55

Multiple Choice

The effect on the accounting equation of the business purchasing a new motor vehicle on credit for $35 500 is:

• A)an increase in the asset Motor Vehicles of $35 500 and a decrease in the asset cash of $35 500.
• B)an increase in the asset Motor Vehicles of $35 500 and a decrease in the liability accounts payable of $35 500
• C)a decrease in the asset Motor Vehicles of $35 500 and an increase in the liability accounts payable $35 500
• D)an increase in the asset Motor Vehicle of $35 500 and an increase in the liability accounts payable $35 500

Understand the concept of business ethics and how they guide marketplace actions.

Gain insight into the marketing strategies of socially responsible companies.

Recognize legislation aimed at protecting consumers and preventing the sale of dangerous products.

Distinguish between green marketing, social marketing, and corporate giving.

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Definitions:

Recommendations

Advice or suggestions offered with regard to prudent future action, often given formally after careful consideration.

Vegetables

Edible plants or parts of plants, including leaves, roots, fruits, and seeds, often consumed as part of a diet.

Whole Grains

Grains that contain all essential parts and naturally-occurring nutrients of the entire grain seed in its original proportions.

Prefrontal Cortex

A region of the brain located at the front of the frontal lobes, involved in complex behaviors such as decision making, planning, and social behavior.