Indicate Whether Each of the Following Statements Is True or False

question 23

Short Answer

Indicate whether each of the following statements is true or false. If a company made the following journal entry, this entry would cause:
_____ a) total claims to stay the same.
_____ b) total assets to remain the same.
_____ c) liabilities to decrease.
_____ d) cash flows from operating activities to increase.
_____ e) owners' equity to decrease.

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Definitions:

Vending Machines

Automated machines that dispense products such as snacks, beverages, or tickets to consumers after money, a credit card, or a specially designed card is inserted.

Cold Beverages

Drinks that are served chilled and are refreshing, especially preferred in hot climates or seasons.

Personal Care Items

Products intended for personal hygiene and grooming, including items such as soap, shampoo, and toothpaste.

Direct Selling

A distribution method where products are sold directly to consumers, bypassing traditional retail locations.