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 decreases 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 exchange 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.