Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. your company paid $82,000 cash for land to be used

Your company paid $82,000 cash for land to be used for a new chicken breeding...

70.2K

Verified Solution

Question

Accounting

Your company paid $82,000 cash for land to be used for a new chicken breeding facility. How does this transaction affect the accounting equation?

A) Total assets decrease and total liabilities decrease

B) Total assets increase and total stockholders' equity increases.

C) Total assets increase and total liabilities increase.

D) One asset increases, while another asset decreases.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Chemistry
1.2K views

How many grams of aluminum sulfite will be formed from 125mL of a 0.25 M solution...

Medical Sciences
1.2K views

Which of the following statements regarding antidiuretic hormone is false? A. It is also called vasopressin B. It...

Psychology
1.2K views

27-Using the defense that your life was threatened by the rest of a group committing a...

Biology
1.2K views

10 Spot size on ladybugs is controlled by one gene In a certain population of...

Physics
1.2K views

SolveLancer Test A machine is used to produce magnetic field which creates a magnetic flux...

Basic Math
1.2K views

John runs 3 miles in 1/2 of an hour. At the same pace, how many...

Calculus
1.2K views

a Are the events A and C independent Justify your answer b Are the events...

Algebra
1.2K views

The quadratic regression associated with the benefit of exercising f a compared to number of...

Accounting
1.2K views

On June 30, 2024, Rosetta Granite purchased equipment for $156,000. The estimated useful...

Accounting
1.2K views

21)A small group of companies operate in an industry where all firms face the average...

Accounting
1.2K views

Barry is an Australian resident individual taxpayer entity. In the 2020-21 income year, he receives...

Accounting
1.2K views

Peterson Furniture Designs is preparing the annual financial statements dated December 31. Ending inventory information...