Answer:
(B) Increase both assets and equity by $180
Explanation:
The transaction analysis model tells us that:
Assets = Liabilities + Owner's Equity
Owner's equity = Contributed Capital + Retained Earnings
Retained Earnings = Net Income − Dividends
and
Net Income = Income − Expenses
The expanded accounting equation is obtain if all substitutions are made:
Asset = Liabilities + Contributed Capital + Income – Expenses − Dividends
In the Global Cleaning Service`s case:
Assets are increased either because the service is collected or is an account receivable. As the service provided is a revenue (income) is part of the Owner's Equity that also increase. Both, Asset and Owner's Equity, increase in 180.
Answer: True
Explanation: The funding goal is the least amount you need to start on a project and pay for rewards if you've offered any and the very concept of funding goal should come from the campaign objective. You are expected to decide on whether your campaign should come from a financial standpoint or marketing standpoint. It is true that the fact that Megan Grassell exceeded her funding goals is a good indication that her product will be popular.
Psychology is the study of behavior and the minds functions.
