Which of the Following Transactions Does Not Affect the Total

question 1

Multiple Choice

Which of the following transactions does not affect the total assets of Horizon Sailing Corp.?

• A)A bill is received for the telephone service used by Horizon Sailing during the past month.
• B)Dividends are paid by Horizon Sailing.
• C)Customers are billed for sales made on credit by Horizon Sailing.
• D)A new computer is purchased on credit by Horizon Sailing.

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Definitions:

Sellers

Individuals or entities that offer goods or services for sale to consumers or other businesses.

Smart Cards

Portable memory cards with embedded integrated circuits that are capable of processing and storing data, and securely managing, transferring, and communicating information.

Magnetic Stripe

A strip of magnetic tape used to store data, commonly found on the back of cards such as credit and debit cards, allowing them to be read by swiping through a magnetic reading device.

Backward Compatibility

The ability of a system or technology to work with older legacy systems, or accept input designed for an older system.