Match Each Transaction with Its Effect on the Accounting Equation

question 136

Multiple Choice

Match each transaction with its effect on the accounting equation. Each letter may be used more than once.
-Received utility bill to be paid next month

• A)Increase assets, increase liabilities
• B)Increase liabilities, decrease owner's equity
• C)Increase assets, increase owner's equity
• D)No effect
• E)Decrease assets, decrease liabilities
• F)Decrease assets, decrease owner's equity

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Definitions:

Motherese

The simplified and exaggerated speech style used by adults when talking to babies and young children, also known as child-directed speech.

Gender-Assuming Term

Language or terms that imply or assign a gender to a person or a group, sometimes leading to stereotypes or biases.

Familiar Objects

Items or things that are well known or recognized by someone due to frequent exposure or inherent knowledge.

Linguistic Relativity Hypothesis

A theory suggesting that the structure of a language affects its speakers' worldview or cognition.