Owens industries is trying to increase its profile in the community. as part of this effort, owens sponsors a little league baseball team. the cost of sponsorship is $850. what impact does this transaction have on owens’ accounting equation (a = l + se)?

Assets will reduce by $850, and stockholder's equity will also reduce by $850

Explanation:

An accounting equation is constant and do not change, it is defined as

Assets = Liabilities + Stockholder's Equity

When the company sponsors the baseball team, it incurs an expense.

For this cash is spent, which is cash outflow and accordingly, it decreases cash and thus, assets are reduced.

On the other hand the sponsorship is an expense which will reduce the revenue which is clubbed in stockholder's equity as retained earnings.

Therefore, stockholder's equity will also be reduced.

the u.s. census bureau produces data on the population and economy nationwide. it can you to analyze the kind of people living in your neighborhood. it does not show you the market of people willing to buy your product or an existing market for your product. that will require more market research. the census bureau only gives you an insight to the demographics in your area.

answer; (c) communism and socialism;