Which of the Following Transactions Would Cause Net Income for the Period

question 99

Multiple Choice

Which of the following transactions would cause net income for the period to decrease?

• A) Paid $2,500 cash for raw material cost
• B) Purchased $8,000 of merchandise inventory
• C) Recorded $5,000 of depreciation on production equipment
• D) Used $2,000 of office supplies

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Definitions:

Barr Body

Inactivated (condensed) X chromosome in a cell of a female mammal.

Double-Stranded RNA

A molecular structure of RNA where two complementary strands form a double-helix, often involved in gene expression and regulation.

mRNA

Messenger RNA, a variant of RNA, transports genetic codes from DNA to the ribosome, outlining the amino acid sequence for proteins generated during gene expression.

Translation

The process of converting the genetic information in mRNA into a sequence of amino acids, leading to protein synthesis.