Following Are Transactions of Gotebo Tanners,Inc

question 101

Multiple Choice

Following are transactions of Gotebo Tanners,Inc. ,a new company,during the month of January: 1.Issued 10,000 shares of common stock for $15,000 cash.2.Purchased land for $12,000,signing a note payable for the full amount.3.Purchased office equipment for $1,200 cash.4.Received cash of $14,000 for services provided to customers during the month.5.Purchased $300 of office supplies on account.6.Paid employees $10,000 for their first month's salaries.How many of these transactions decreased Gotebo's total assets?

• A)One.
• B)Two.
• C)Three.

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Definitions:

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Achieving objectives that balance economic, social, and environmental factors to ensure long-term viability and wellbeing.

Recycling

The process of collecting and processing materials that would otherwise be thrown away as trash and turning them into new products.

Water Conservation

The preservation, control, and management of water resources to prevent waste, overuse, or deterioration and to ensure sustainable access to clean water.

Pollution Control

The process of reducing or eliminating the release of pollutants into the environment, often through regulatory measures and technologies.