Which of the Following Transactions Affects the Liabilities for Gravette,Inc

question 165

Multiple Choice

Which of the following transactions affects the liabilities for Gravette,Inc.?

• A)Supplies are purchased for cash by Gravette.
• B)Gravette places an order for merchandise with a supplier;the merchandise will be shipped to Gravette in 60 days.
• C)The owners of Gravette invest $100,000 in the company.
• D)Payment is made on a bank loan which Gravette had obtained six months ago.

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Definitions:

Excretion Route

Pathways through which waste products are eliminated from the body, including the renal, respiratory, digestive, and integumentary systems.

Kidney

One of the two organs that excrete urine. The kidneys are bean-shaped organs approximately 11 cm long, 5 cm wide, and 3 cm thick lying on each side of the spinal column, posterior to the peritoneum, approximately opposite the twelfth thoracic and first three lumbar vertebrae.

Prolonged Vomiting

Continuous or extended episodes of vomiting, which can lead to dehydration and the need for medical attention to address its cause.

Fluid Compartments

Divisions in the body that are primarily composed of fluids within and outside cells, including the intracellular and extracellular compartments.