A Transaction Caused an Increase in Both Assets and Owners

question 52

Multiple Choice

A transaction caused an increase in both assets and owners' equity. This transaction could have been:

• A) A sale of service to a customer producing revenue.
• B) Sale of land for a price less than its cost.
• C) Borrowing money from a bank.
• D) Sale of land for cash at a price equal to its cost.

---

Definitions:

Contamination

The presence of an unwanted substance or microorganism in a material, environment, or product, posing risk or harm.

Forceps

A hand-held, hinged instrument used in medical procedures for grasping and holding objects.

Grasp Tissue

The act of holding or seizing biological tissue firmly, often with tools, during medical procedures or surgery.

Clamp Blood Vessels

A surgical procedure or technique involving the use of a clamp to temporarily stop or restrict blood flow through a vessel.