A Transaction Caused a $60,000 Increase in Both Assets and Total

question 59

Multiple Choice

A transaction caused a $60,000 increase in both assets and total liabilities.This transaction could have been which of the following?

• A)Purchase for office equipment for $60,000 cash.
• B)Purchase of office equipment for $120,000,paying $60,000 cash and issuing a note payable for the balance.
• C)Repayment of a $60,000 bank loan.
• D)Investment of $60,000 cash in the business by the owner.

Understand the rationale behind security procedures and their importance.

Recognize the legal and ethical considerations of employee monitoring systems.

Comprehend the concepts of authentication and authorization in IT security.

Understand the role and forms of intellectual property in securing information.

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Definitions:

Evaluation Phase

A stage in a project, program, or process where the outcomes are analyzed to determine if objectives were met.

Nursing Process

A systematic approach to patient care in nursing that includes assessment, diagnosis, planning, implementation, and evaluation.

Neuromuscular

Related to the interaction between nerves and muscles, influencing their function and coordination.

Narcotic Analgesics

Medications that relieve pain by acting on the central nervous system, often having the potential for dependency or abuse.