ABC Company receives $$50,000$ ?cash in advance payments from customers as down payments for work to be done in the next accounting period.

The transactions effect on the accounting equation is:

increase CASH and increase UNEARNED REVENUE

Unearned revenue is a liability; ABC is obligated to perform work in the future.

It is not revenue $($yet$),$ ?because no goods or services have been provided yet.

Consider the following transaction:

ABC Company purchases a building for $$250,000$ ?cash $($the building is expected to last $40$ ?years$).$

In addition to a decrease in the asset cash, how else is the expanded accounting equation impacted by this transaction?

increase in another non$-$cash asset

increase in liabilities

increase in common stock

increase in revenues

increase in expenses

increase in dividends