Bendada Deposited $25,000 in a Bank Account in the Name

question 18

Multiple Choice

Bendada deposited $25,000 in a bank account in the name of the business. Which of the following is true in regards to the fundamental accounting equation?

• A) Assets increase by $25,000.
• B) Liabilities increase by $25,000.
• C) Assets decrease by $25,000.
• D) Owner's Equity decreases by $25,000.
• E) Liabilities decrease by $25,000.

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Definitions:

International Trade Agreements

Treaties in which a country promises to engage in less trade protection against the exports of other countries in return for a promise by other countries to do the same for its own exports.

Autarky

An economic condition or system in which a country is self-sufficient and does not engage in international trade.

Consumer Surplus

The gap between the maximum sum consumers are ready to pay for a product or service and the sum they ultimately spend.

Autarky

This is a situation where a country or region is self-sufficient and does not engage in international trade with other countries.