A Business Purchases Equipment for $8,000 Cash

question 37

Multiple Choice

A business purchases equipment for $8,000 cash.Which of the following accounts is credited?

• A)Cash
• B)Accounts Payable
• C)Owner,Capital
• D)Equipment

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Definitions:

Path-Goal Leadership Theory

A theory that states the effectiveness of leadership styles varies depending on the situation and the needs of the followers.

Supportive Leadership

A leadership style focused on meeting the needs of employees, providing emotional support, and fostering a positive and encouraging work environment.

Path-Goal Leadership Theory

A theory that suggests leaders can adjust their behavior and style to influence the motivation, satisfaction, and performance of their team, aligning with the team's goals and the tasks at hand.

Directive Leadership

A leadership style characterized by giving clear, explicit instructions and expecting compliance from team members.