An Owner Investment of a Building,valued at $100,000 with an $80,000

question 53

Multiple Choice

An owner investment of a building,valued at $100,000 with an $80,000 outstanding mortgage,transferring this asset into the business would:

• A) increase assets by $20,000
• B) increase assets by $80,000
• C) increase shareholders' equity by $20,000
• D) increase shareholders' equity by $100,000

Understand the processes and tools used in securing digital information and combating cybercrimes.

Distinguish between different security software and their purposes.

Understand the significance of multi-factor authentication in enhancing security.

Identify common cybersecurity threats and tactics used by hackers to compromise security.

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Definitions:

Proportional Taxes

A tax system where the tax rate remains constant regardless of the amount on which the tax is imposed, resulting in taxes being proportionate to the income.

Direct Taxes

Taxes paid directly to the government by the individual or organization on whom it is levied, such as income tax or property tax.

Direct Tax

A form of taxation where the burden directly falls on the income or wealth of the individual or entity being taxed, such as income tax or property tax.

Fiscal Year

A one-year period used for financial reporting and budgeting, which does not necessarily align with the calendar year.