If $9,600 Cash and a $31,000 Note Payable Are Given

question 130

Multiple Choice

If $9,600 cash and a $31,000 note payable are given in exchange for some office machines to be used in a business:

• A)Total assets are increased.
• B)Total liabilities are decreased.
• C)Total assets are decreased.
• D)The owners' equity is increased.

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Definitions:

Impetigo Contagiosa

A highly contagious skin infection caused by bacteria, leading to red sores that can rupture and form honey-colored crusts.

Pigmented Spots

Marks on the skin that contain more melanin than surrounding areas, which can be benign or indicative of a condition.

Atrophic White Scars

Thin, white, and typically less elastic areas of skin that have undergone atrophy, indicating healed wounds or lesions.

Papule

A small, raised, solid pimple or swelling on the skin, often forming part of an acne outbreak.