Indicate whether each of the following types of transactions will either increase owner’s equity.

1. owner’s investments
2. revenues
3. expenses
4. owner’s withdrawals

Indicate whether each of the following types of transactions will either (a) increase stockholders’ equity or (b) decrease stockholders’ equity:

1. expenses
2. issuing capital stock in exchange for cash
3. dividends
4. revenues

Is it true that a transaction always affects at least two elements (Assets, Liabilities, or Stockholders’ Equity) of the accounting equation? Explain.

Assume that the seller owes $\$ 80,000$ on a loan for the land. After receiving the $\$ 298,000$ cash in (a), the seller pays the $\$ 80,000$ owed. What is the effect of the payment on the total amount of the seller's (1) assets, (2) liabilities, and (3) owner's equity?

Indicate whether each of the following types of transactions will either (a) increase owner’s equity or (b) decrease owner’s equity:

1. expenses
2. owner’s investments
3. owner’s withdrawals
4. revenues

Indicate whether each of the following types of transactions will either $\left(\text{a}\right)$ increase owner’s equity or $\left(\text{b}\right)$ decrease owner’s equity:

$1$. expenses
$2$. revenues
$3$. owner’s investments
$4$. owner’s withdrawals

A vacant lot acquired for $\$ 115,000$ is sold for $\$ 298,000$ in cash. What is the effect of the sale on the total amount of the seller's (1) assets, (2) liabilities, and (3) owner's equity?

Describe how the following business transactions affect the three elements of the accounting equation. e. Paid for utilities used in the business.

A vacant lot acquired for $115,000 is sold for$298,000 in cash. What is the effect of the sale on the total amount of the seller’s (1) assets, (2) liabilities, and (3) stockholders’ equity?

A vacant lot acquired for $180,000 is sold for$440,000 in cash. What is the effect of the sale on the total amount of the seller’s (1) assets, (2) liabilities, and (3) stockholders’ equity?

a. A vacant lot acquired for $115,000 is sold for$298,000 in cash. What is the effect of the sale on the total amount of the seller's (1) assets, (2) liabilities, and (3) owner's equity?

b. Assume that a seller owes $\$ 80,000$ on a loan for a land. After receiving $\$298,000$ cash for the land sold which was acquired for $\$115,000$, the seller pays the $\$ 80,000$ owed. What is the effect of the payment on the total amount of the seller's (1) assets, (2) liabilities, and (3) owner's equity?

c. Is it true that a transaction always affects at least two elements (Assets, Liabilities, or Owner's Equity) of the accounting equation? Explain.

A vacant lot acquired for $115,000 is sold for$298,000 in cash. What is the effect of the sale on the total amount of the seller’s (1) assets, (2) liabilities, and (3) stockholders’ equity?

Assume that the seller owes $80,000 on a loan for the land. After receiving the$298,000 cash, the seller pays the $80,000 owed. What is the effect of the payment on the total amount of the seller’s (1) assets, (2) liabilities, and (3) stockholders’ equity?

Assume the definition of class bagType as given in previous Exercise. Answer the following questions: a. Write the definition of the member function set so that private members are set according to the parameters. b. Write the definition of the member function print that prints the values of the data members. c. Write the definition of the default constructor of the class bagType so that the private member variables are initialized to "", 0.0, 0.0, 0.0, 0.0, respectively. d. Write a C++ statement that prints the value of the object newBag. e. Write a C++ statement that declares the object tempBag of type bagType, and initializes the member variables of tempBag to "backPack", 15, 8, 20, and 49.99, respectively.

The total assets and total liabilities of Peat’s Coffee & Tea Inc. and Starbucks Corporation are shown below.

$$\begin{array}{lcc} & \textbf { Peat's Coffee \& Tea (in millions) } & \textbf { Starbucks (in millions) } \\ \hline \text { Assets } & \$ 176 & \$ 5,577 \\ \text { Liabilities } & 32 & 2,531 \end{array}$$

Determine the owners’ equity of each company