Receiving Payment of a Portion of an Accounts Receivable Will

question 205

Multiple Choice

Receiving payment of a portion of an accounts receivable will

• A)not affect total assets.
• B)increase liabilities.
• C)increase stockholders' equity.
• D)decrease net income.

---

Definitions:

Limiting Resource

A resource that is in shortest supply, thus limiting the growth, abundance, or distribution of an organism or a population of organisms.

Resource Partitioning

The process by which competing species use the environment differently in a way that helps them to coexist.

Competitive Exclusion

A principle in ecology that states two species competing for the same limited resource cannot coexist at constant population values, one will always outcompete the other.

Competition

The interaction between organisms or species, where the fitness of one is lowered by the presence of another.