A Credit to a Liability Account

question 39

Multiple Choice

A credit to a liability account

• A)indicates an increase in the amount owed to creditors.
• B)indicates a decrease in the amount owed to creditors.
• C)will always increase shareholders' equity.
• D)must be accompanied by a debit to an asset account.

Understand the concepts of SWOT analysis, BCG Matrix, and their applications in strategic planning.

Appreciate the role of analytics and strategic tools in formulating marketing strategies.

Understand the distinction between natural and formal concepts and their boundaries.

Learn the role of the fusiform face area and parahippocampal place area in perception and mental imaging.

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Definitions:

Magnetic Field

A vector field surrounding magnets, electric currents, and changing electric fields, where magnetic forces are exerted.

Armature

The rotating part of an electric machine (motor or generator) within which a current is induced by a magnetic field.

Brushless DC

A type of direct current electric motor (DC motor) that uses an electronic controller to switch the current in the motor, eliminating the need for brushes.

Wound Armature

A component in electrical machines consisting of coils wound around an iron core, which rotates in a magnetic field to induce electromotive force.