If a company uses $1450 of its cash to purchase supplies, the effect on the accounting equation would be:
A. Assets decrease $1450 and equity decreases $1450.
B. Assets increase $1450 and liabilities increase $1450.
C. Assets increase $1450 and liabilities decrease $1450.
D. Assets decrease $1450 and equity increases $1450.
E. One asset increases $1450 and another asset decreases $1450, causing no effect.
Answer: E
You might also like to view...
________ is money from selling part of a business to people who are not and will not be involved in the management of the business.
A. Dividend B. Outside equity C. Bond D. Equity capital
Dr. James isolated Staphylococcus aureus, a type of bacteria, from the leg wound of a ten-year-old boy. He suspected these bacteria would grow better at body temperature than room temperature (72°F), but thought that he should collect data to support his thinking. Dr. James introduced the same number of Staphylococcus bacteria into each of six test tubes containing the same type and amount of nutrient broth. Three test tubes were incubated at 98.6°F (Group 1), while three test tubes (Group 2) sat at 72°F. After 24 hours, Dr. James compared the turbidity (indicative of growth) of all six tubes and rated each on a scale of 0 - 4. 0 indicates no turbidity (no growth), while 4 indicates high turbidity (high growth). The following data were collected: src="https://sciemce.com/media/4/ppg__tttt0823190712__f1q550g1.jpg" alt="" style="vertical-align: 0.0px;" height="274" width="486" />The dependent (responding) variable in this experiment is
A. the time that the test tubes were allowed to sit.
B. growth of bacteria, as indicated by the turbidity in the test tubes.
C. the temperature.
D. amount of initial inoculum, or number of bacteria introduced into each test tube.
One reason for using the author-date form of documentation is that
A) many writers prefer tracking endnotes and footnotes consecutively. B) omitting citations would leave an inaccurate impression of the report's conclusions. C) subsequent citations in the narrative will require less space. D) it subordinates sources based on direct quotations rather than paraphrased text material. E) it provides some information about the source on the page where the citation occurs.
While minors can generally disaffirm most contracts they make, they are generally liable for their ____________________
Fill in the blank(s) with correct word