Which of the Following Transactions Does NOT Affect Total Assets

question 84

Multiple Choice

Which of the following transactions does NOT affect total assets?

• A) A bill is received for last month's utilities.
• B) Dividends are paid to shareholders.
• C) Customers are billed for services provided on credit.
• D) New equipment is purchased on credit.

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Definitions:

Perceptual Biases

Cognitive biases that result from the simplification of processing social realities, often leading to distorted interpretations.

Central Tendency

The tendency to assign most ratees to middle-range job performance categories.

Halo Effect

A cognitive bias where the perception of one positive trait influences the perception of other traits.

Consensus Cues

Signals or indications that members of a group or audience are in general agreement about a particular idea or opinion.