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:

Learning Influence

The impact that various factors, such as environment, experience, and education, have on the process of acquiring new knowledge or skills.

Gender Specific Clothing

Apparel designed and marketed to be worn by individuals of a specific gender, often based on societal norms and expectations regarding gender roles.

Gender Socialization

The process by which individuals learn the cultural norms and expectations associated with their gender through various agents, such as family, education, and media.

Behavioral Theorists

Researchers and psychologists who study and explain human behavior through various theories, often focusing on the effects of environment and learning.