Which of the Following Is Correct F a Company Purchases

question 82

Multiple Choice

Which of the following is correct f a company purchases equipment for $70,000 cash?

• A) Total assets will increase by $70,000.
• B) Total assets will decrease by $70,000.
• C) Total assets will remain the same.
• D) The company's total equity will decrease.

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Definitions:

Industrial Revolution

A period of major industrialization that took place during the late 1700s and early 1800s, transforming economies from primarily agrarian societies into industrialized nations.

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Business Ethics

The study and examination of moral and ethical problems that may arise in a business environment.

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The setting, conditions, and culture in which employees operate, significantly influencing their productivity and satisfaction.