Several Transactions Are Listed

question 81

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.)
-purchasing a building for cash

• 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 proliferation of research and development (R&D) globally and how it is influenced by economic and policy factors.

Understand the process and importance of adjusting entries in accounting.

Identify and correct errors in the preparation of the adjusting entries.

Journalize adjusting entries for unearned revenues, prepaid expenses, accrued expenses, and depreciation.

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Definitions:

Unconditioned Stimulus

A stimulus that naturally and automatically triggers a response without prior conditioning.

Backward Conditioning

A less common form of classical conditioning where the unconditioned stimulus is presented before the conditioned stimulus.

Learned Response

A behavior that has been acquired or modified as a result of experience or conditioning.

Extinction

In psychology, the gradual weakening and disappearance of a conditioned response tendency; in biology, the dying out of a species.