What Is the Effect on the Balance Sheet of Making

question 92

Multiple Choice

What is the effect on the balance sheet of making cash sales of inventory to customers on profit?

• A) Assets and equity increase.
• B) Assets and equity decrease.
• C) Assets decrease and equity increases.
• D) Assets increase and equity decreases.

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Definitions:

Wireless Packets

Small units of data transmitted over a wireless network, conforming to specific protocols for communication between devices.

Wireless Networks

Communication networks that utilize radio waves or microwaves to connect devices and enable data transmission without physical connections.

Wireless Payment Service

A payment method that allows customers to make transactions using wireless technology, often through mobile devices without physical card swiping.

NFC

Near Field Communication, a set of communication protocols that enable two electronic devices, one of which is usually a portable device such as a smartphone, to establish communication by bringing them within 4 cm of each other.