Several Transactions Are Listed

question 175

Multiple Choice

Several transactions are listed. Use the choices to identify the effect on the accounting equation for each transaction listed. (Choices may be used more than once.)
-paying dividends to investors

• A)assets and liabilities increase
• B)assets and contributed capital increase
• C)assets and retained earnings increase
• D)two asset accounts are impacted, but there is no net effect on total assets
• E)assets and liabilities decrease
• F)assets and retained earnings decrease
• G)liabilities increase and retained earnings decrease
• H)liabilities decrease and retained earnings increase

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Definitions:

Cultural Values

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A concept in psychological theory suggesting that reality is constructed by the individual, and there are always alternative ways to perceive and understand the world.

Throwing of Bones

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Traditional Practitioner

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