Apatha Company Has Assets of $600,000,liabilities of $250,000,and Equity of $350,000.It

question 189

Multiple Choice

Apatha Company has assets of $600,000,liabilities of $250,000,and equity of $350,000.It buys office equipment on credit for $75,000.The effects of this transaction include:

• A)Assets increase by $75,000 and expenses increase by $75,000.
• B)Assets increase by $75,000 and expenses decrease by $75,000.
• C)Liabilities increase by $75,000 and expenses decrease by $75,000.
• D)Assets decrease by $75,000 and expenses decrease by $75,000.
• E)Assets increase by $75,000 and liabilities increase by $75,000.

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Definitions:

Time-series Data

Data points collected or recorded at regular time intervals, allowing for the analysis of patterns, trends, and forecasting over time.

Variable

An element or feature that can change and have different values in a data set or experiment, affecting the results.

Vertical Axis

The y-axis in a coordinate plane, representing the range of values for variables plotted vertically.

Horizontal Axis

The x-axis in a graph or chart, typically used to represent the independent variable in data plotting.