If Total Liabilities Increased by $4,000, Then

question 123

Multiple Choice

If total liabilities increased by $4,000, then

• A) assets must have decreased by $4,000.
• B) owner's equity must have increased by $4,000.
• C) assets must have increased by $4,000, or owner's equity must have decreased by $4,000.
• D) assets and owner's equity each increased by $2,000.

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Definitions:

Developmental

Relating to the process of growth and change, often used in the context of psychological, physical, or societal progress.

Learning

The process of acquiring new understanding, knowledge, behaviors, skills, values, attitudes, and preferences through study, experience, or teaching.

Psychological

Pertaining to the mind or mental processes, often relating to human behavior, emotions, and thought patterns.

Post-Traumatic Stress Disorder

A mental health condition triggered by a terrifying event, leading to symptoms such as flashbacks, severe anxiety, and uncontrollable thoughts about the event.