Which of the Following Is Correct If a Company Purchases

question 88

Multiple Choice

Which of the following is correct if a company purchases equipment for $70,000 cash?

• A)Total assets will increase by $70,000.
• B)Total assets will decrease by $70,000.
• C)Total assets will remain the same.
• D)The company's total owners' equity will decrease.

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Definitions:

Cerebral Hemisphere

The cerebral hemisphere refers to one half of the cerebrum, the largest part of the brain; the brain is divided into right and left hemispheres.

Sensory Input

Information gathered by sensory receptors about internal and external changes or stimuli.

Association Areas

Regions of the cerebral cortex that integrate different types of information from multiple brain areas, involved in complex processes like thinking and planning.

Left Cerebral Hemisphere

The left side of the brain that controls the right side of the body, often associated with logical reasoning, analytical skills, and language functions.