A Description of Denotation Is

question 18

Multiple Choice

A description of denotation is

• A) a personalized meaning of a word or phrase.
• B) a generalized meaning assigned to a word.
• C) a meaning shared by families.
• D) a meaning generally shared within a specific culture.

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Definitions:

Liability Decreases

A reduction in the amounts owed by an entity to external parties or creditors.

Debit Balance

An account balance where the total debits exceed the total credits, often indicating the amount that a company or individual owes.

Credit Balance

A situation where the total credits in an account exceed the total debits, common in liability and revenue accounts.

Income Tax Instalment

Payments made to tax authorities in installments rather than a lump sum, typically for estimated taxes.