QUESTION $1$

$1$ points

A $-$ Which of the following statements is NOT correct?

A$.$ A table was an asset for the person who sold it on ebay.

B$.$ The purchase of a durable good is a reallocation of assets for the buyer.

C$.$ The rent paid by the tenant to the landlord is an income for the landlord.

D$.$ A share is equity for the investor in share.

E$.$ A bank deposit is a liability for the bank.

QUESTION $2$

$1$ points

A $-$ When BHP$,$ a mining company, buys back its own shares with its transactional bank account,

A$.$ its liabilities decrease

B$.$ its accumulated profit increases if the price of the share has decreased since the issue of the shares

C$.$ it reallocates its assets

D$.$ its shares on issue increase

E$.$ its balance sheet expands

QUESTION $3$

$1$ points

A $-$ At maturity date, a borrower repays in full the principal of a $$2,000$ loan and pays $$150$ interest.

Which of the following statements is NOT correct?

A$.$ Their assets decrease by $$2,150.$

B$.$ Their bank deposits decrease by $$2,150.$

C$.$ Their debt decreases by $$2,150.$

D$.$ Their equity decreases by $$150.$

E$.$ Their total asset shrinks.