Several Transactions Are Listed

question 52

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.)
-issuing common shares 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

Understand the principles and processes involved in wastewater treatment, including the removal of oils, grease, and organic matter, and the importance of oxygen in these processes.

Comprehend the methods used for sterilizing water, including the use of ultraviolet light and chlorine.

Recognize the environmental impacts of nitrogen and phosphorous compounds in water bodies and the importance of their removal from wastewater.

Grasp basic concepts of forensic science and the application of chemistry in forensic investigations.

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Definitions:

Revenues

Increases in assets from performing services or delivering products to customers.

Expenses

Money spent or cost incurred in an organization's efforts to generate revenue, representing the cost of doing business.

Miscellaneous Expense

Minor or incidental expenses that do not fit into other specific categories within an organization's financial accounting.

Adjusted Trial Balance

A list of all accounts and their adjusted balances after journal errors have been corrected and adjustment entries made, used to prepare financial statements.