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:

Function Header

The initial part of a function in programming that specifies the name, return type, and parameters of the function.

Function Declarator

A function declarator in programming defines the name, return type, and parameters of a function.

Data Type

A classification identifying one of various types of data, such as integer, float, or string, that determines the possible data values and operations on that data.

Calling Function

A process in which a program requests a service from the software library or another system resource.