Which of the Following Transactions Does Not Include an Increase

question 39

Multiple Choice

Which of the following transactions does not include an increase to expenses?

• A) Received and paid the phone bill
• B) Paid monthly rent
• C) Received cash for services performed
• D) Paid the week's wages
• E) Bought advertising for cash

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Definitions:

Stock Split

A company's action to chop up its existing stock into more pieces to make the shares easier to trade.

Owners' Equity

The residual interest in the assets of a company after deducting liabilities, representing the ownership interest of shareholders in the company.