Which of the Following Represents Effects of an Asset Use

question 113

Multiple Choice

Which of the following represents effects of an asset use transaction on a company's financial statements? $$\begin{array} { | l | l | l | l | l | l | l | } \hline \text { Assets } = & \text { Liab. } + & \text { Equity } & \text { Rev. } - & \text { Exp. } = & \text { Net Inc. } & \text { Cash Flow } \\\hline\end{array}$$

• A)
• \[\begin{array} { | l | l | l | l | l | l | l | l | l | l | l }
• \hline - & = & \text { NA } & + & - & \text { NA } & - & \text { NA } & = & \text { NA } & \text {-FA } \\
• \hline
• \end{array}\]
• B)
• \(\begin{array}{|l|l|l|l|l|l|l|l|l|l|l|}
• \hline- & = & - & + & \text { NA } & \text { NA } & - & - & = & - & - \text { IA } \\
• \hline
• \end{array}\)
• C)
• \(\begin{array}{|l|l|l|l|l|l|l|l|l|l|l|}
• \hline- & = &NA & + &-&-& - &NA & = & - & - \text { OA } \\
• \hline
• \end{array}\)
• D)
• \[\text { None of these could represent the effects of an asset source transaction. }\]

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Definitions:

Conflict Theory

A social theory that views human society as an arena of inequalities that breed conflict and social change.

Coercion

The practice of compelling someone to act in a certain way by use of force or threats, often undermining their will or consent.

Order And Stability

The state of being well-organized and functioning in a predictable and steady manner, essential for societal well-being.

Exosystem

A term from Bronfenbrenner's ecological systems theory referring to societal settings that indirectly influence an individual, such as a parent's workplace.