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:

Foul Smell

A strong, unpleasant odor that is often indicative of decay, filth, or pollution.

Impression Management

The process by which individuals attempt to control the perceptions others have of them, often through adjusting their behavior or presentation in social situations.

Status Enforcement

The actions taken to maintain social hierarchies or class distinctions within a group or society.

Dramaturgy

A sociological perspective developed by Erving Goffman that compares social interaction to the theater, where individuals present themselves in ways they hope will be accepted by others.