The Deposit of Cash by the Owner in the Name

question 30

Multiple Choice

The deposit of cash by the owner in the name of the business would involve

• A) increasing an asset and increasing a liability.
• B) increasing an asset and increasing owner's equity.
• C) decreasing an asset and increasing owner's equity.
• D) increasing an asset and increasing revenue.

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Definitions:

Recent Immigrants

Individuals or families who have moved to a new country from their country of origin relatively recently, adjusting to a new culture and society.

Family Event

A gathering or activity designed for the participation and enjoyment of family members, often to celebrate, commemorate, or strengthen family bonds.

Community Literacy

Community literacy refers to literacy practices and programs that are designed to improve reading and writing skills within a community, often targeting children and adults.

Skills

The abilities and expertise developed through training or experience that allow an individual to perform tasks effectively.