6) Which of the following transactions increases asset and capital in the accounting equation?*

A) Cash is received from a customer for services rendered to them.

B) Cash is received from proceeds of a loan from a financing institution.

C) Cash is received from a customer previously billed.

D) All of the choices

7) One who does not take active part in the business and is not known or held out as a partner*

A) Dormant

B) Secret

C) Limited

D) Silent

8) The method of admitting new partner in the partnership which involves a personal transaction between the incoming partner and the existing partner is by:*

A) Consensus

B) Admission

C) Investment

D) Purchase

9) Face value is normally used to value what kind of contributions to the partnership:*

A) Industry

B) Properties or non-cash assets

C) Cash

D) None of the choices

E) All of the choices

10) Which of the following is not one of the basic shareholders' rights?*

A) The right to participate in earnings

B) The right to maintain a proportional interest in the corporation

C) The right to participate in the proceeds of the sale of corporate assets upon liquidation of the corporation

D) The right to inspect the accounting records of the corporation

E) None of the choices

Kindly support an explanation to your answer so I could understand better, thanks!