Which of the Following Transactions Affects Total Liabilities

question 92

Multiple Choice

Which of the following transactions affects total liabilities?

• A) Equipment is purchased for cash.
• B) Services are provided to a customer for credit.
• C) Payment is made on a bank loan.
• D) Common shares are issued.

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Definitions:

Standard Deviation

An indicator of the spread or distribution of a group of numbers, showing the degree to which these numbers vary from the average.

Uniform Distribution

A type of probability distribution in which all outcomes are equally likely over a given interval.

Probability

The measure of the likelihood that a specific event will occur, expressed as a number between 0 and 1.

Subway Waiting

The time period a passenger waits for a subway train to arrive, typically considered as a random variable in transit studies.