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6/26/2017Ashworth College : A01.V.10.2 Introduction to Accounting : Tests & Quizzes1/65.0/ 5.0 Points5.0/ 5.0 Points5.0/ 5.0 PointsOnline Exam 1_01Return to Assessment ListPart 1 of 1 95.0/ 100.0 PointsQuestion 1 of 20Bonnie's Baskets purchases $4,000 worth of office equipment on account. This causesA. Cash and Capital to decrease.B. Office Equipment and Accounts Payable to increase.C. Office Equipment to decrease and Accounts Payable to increase.D. Accounts Payable to increase and Capital to decrease.Question 2 of 20Bob purchased a new computer for the company on account. The transaction will__________.A. increase Computer; increase CapitalB. decrease Cash; increase Accounts PayableC. decrease Cash; increase ComputerD. increase Computer; increase Accounts PayableQuestion 3 of 20The type of business organization that can continue indefinitely is known as a __________.A. sole proprietorshipB. partnershipC. corporationD. None of the above answers are correct.A01.V.10.2 Introduction to Accounting Tests & QuizzesTests & Quizzes
6/26/2017Ashworth College : A01.V.10.2 Introduction to Accounting : Tests & Quizzes2/65.0/ 5.0 Points5.0/ 5.0 Points5.0/ 5.0 Points5.0/ 5.0 PointsQuestion 4 of 20A legal firm would be considered a __________.