A Transaction Caused a $60,000 Increase in Both Assets and Total

question 5

Multiple Choice

A transaction caused a $60,000 increase in both assets and total liabilities. This transaction could have been which of the following?

• A) Purchase of office equipment for $60,000 cash.
• B) Purchase of office equipment for $120,000, paying $60,000 cash and issuing a note payable for the balance.
• C) Repayment of a $60,000 bank loan.
• D) Investment of $60,000 cash in the business by the owner.

---

Definitions:

Amygdala

A region of the brain involved in processing emotions, including fear and pleasure, and plays a role in emotional memory.

Halloween

An annual holiday celebrated on October 31st, characterized by activities like trick-or-treating, costume wearing, and carving pumpkins.

Prototypical Emotions

Basic emotions that are universally recognized and experienced by people across different cultures.

Emotion Words

Words that are used to express or describe feelings and emotions, such as happiness, sadness, anger, and fear.