Which of the Following Is Correct If a Company Purchases

question 88

Multiple Choice

Which of the following is correct if 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 owners' equity will decrease.

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Definitions:

Discrimination

Discriminatory behavior towards various groups of individuals, particularly based on their race, age, or gender.

Sexism

Refers to the discrimination or prejudice against individuals based on their sex or gender, often impacting opportunities, treatment, and perception in various aspects of life.

Jingoism

Extreme patriotism, especially in the form of aggressive or warlike foreign policy.

Ethical Standards

Ethical Standards are the principles that dictate the conduct considered acceptable in a profession or social group, guiding behavior towards honesty, fairness, and integrity.