Which of the Following Transactions Would Cause a Change in Equity

question 76

Multiple Choice

Which of the following transactions would cause a change in equity?

• A) Repayment of the principal on a bank loan.
• B) Purchase of a delivery truck on credit.
• C) Sale of land on credit for a price above cost.
• D) Borrowing money from a bank.

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Definitions:

Perceptual Deficit

A limitation or impairment in the ability to perceive or interpret sensory information correctly.

Attention-Deficit/Hyperactivity Disorder

A condition related to brain development that is marked by a combination of distractibility and/or excessive activity and impulsiveness, which disrupts normal functioning or growth.

Fragile X Syndrome

A genetic condition causing intellectual disability, behavioral and learning challenges, and various physical characteristics.

Trisomy 21

Also known as Down syndrome, a genetic disorder caused by the presence of an extra 21st chromosome.