If Supplies That Have Been Purchased Are Used in the Course

question 205

Multiple Choice

If supplies that have been purchased are used in the course of business then

• A) a liability will increase.
• B) an asset will increase.
• C) owner's equity will decrease.
• D) owner's equity will increase.

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Definitions:

Persuasion

The process of convincing someone to do or believe something through reasoning or the use of symbols.

Nonspecific Compensation

A term not widely recognized; could imply a form of compensation not tied to specific performance criteria or achievements.

Bridging

A conflict resolution technique that involves finding a new option or idea that all parties can agree with, thereby bridging their differences.

Invent

To create or design something that has not existed before; to innovate.