Which of the Following Cash Transactions Would Not Affect Total

question 94

Multiple Choice

Which of the following cash transactions would not affect total assets?

• A)Borrowing cash from a bank
• B)Issuing common stock for cash
• C)Purchasing land for cash
• D)Providing services for cash

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Definitions:

IAS 41

The International Accounting Standard that deals with agriculture, outlining the accounting treatment for biological assets during and at the end of the agricultural activity.

Live Immature Fish

Young fish not yet reached maturity, often referenced in aquaculture or fisheries management.

Fair Value

The sum one would obtain from selling an asset or the cost to move a liability in a smooth exchange among market players on the date of valuation.

Biological Asset

A living animal or plant.