Mineola Company Paid $30,000 Cash to Purchase Land

question 180

Multiple Choice

Mineola Company paid $30,000 cash to purchase land. As a result of this business event,

• A) Total equity was not affected.
• B) The net cash flow from investing activities decreased.
• C) Total assets were not affected.
• D) All of these are correct.

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Definitions:

Prozac

A brand name for fluoxetine, a selective serotonin reuptake inhibitor (SSRI) used primarily to treat depression and anxiety disorders.

PO

An abbreviation used in medical prescriptions, standing for "per os," which means "by mouth" in Latin, indicating oral administration.

AM

A term indicating the time period from midnight to noon or used as a prefix in frequency modulation (Amplitude Modulation).

Prochlorperazine

An antiemetic and antipsychotic medication used to control severe nausea and vomiting and to treat schizophrenia.