Indicate Whether Each of the Following Statements About the Types

Short Answer

Indicate whether each of the following statements about the types of transactions is true or false.
_______ a)An asset source transaction increases total assets and increases claims to assets.
_______ b)The issuance of stock to owners for cash would be an example of an asset exchange transaction.
_______ c)Purchasing equipment for cash is an example of an asset use transaction.
_______ d)Paying a dividend to stockholders is an example of an asset use transaction.
_______ e)Making a payment on a bank loan is an example of an asset exchange transaction.