A Contra-Asset Is

question 55

Multiple Choice

A contra-asset is

• A) in reality a liability.
• B) an asset with a debit balance.
• C) an account with an opposite balance of a normal asset.
• D) an account that increases the asset.

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Definitions:

Distal Stimulus

An object or event in the outside world.

Supertasters

Individuals who have a heightened sense of taste, often due to an increased number of taste buds on the tongue.

Genetic

Pertaining to genes or heredity, describing the study or influence of hereditary characteristics.

Proximal Stimulus

The energies from the outside world that directly reach our sense organs.