Clifford Moore Is Starting His Computer Programming Business and Has

question 159

Multiple Choice

Clifford Moore is starting his computer programming business and has deposited in initial investment of $15,000 into the business cash account. Identify how the accounting equation will be affected.

• A) Increase Assets (Cash) and increase Liabilities (Accounts Payable)
• B) Increase Assets (Cash) and increase Owner's Equity (Clifford Moore, Capital)
• C) Increase Assets (Accounts Receivable) and decrease Liabilities (Accounts Payable)
• D) Increase Assets (Cash) and increase Assets (Accounts Receivable)

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Definitions:

Psychopathic

Pertaining to or affected by psychopathy, a personality disorder characterized by persistent antisocial behavior, impaired empathy, and often criminal tendencies.

Undercontrolled

Describes individuals or behaviors that lack sufficient self-regulation, often leading to impulsivity and difficulties in managing emotions and actions.

Overcontrolled

Describes individuals or mechanisms that are excessively regulated or restricted.

Borderline

Often used to describe conditions or situations that are uncertain or not clearly defined, such as in medical or psychological contexts.