The Payment of a Liability

question 49

Multiple Choice

The payment of a liability

• A)decreases assets and shareholders' equity.
• B)increases assets and decreases liabilities.
• C)decreases assets and increases liabilities.
• D)decreases assets and liabilities.

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Definitions:

Big Five Traits

A model in psychology that outlines five broad dimensions of personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Agreeableness

The emotional style of a person that may range from easygoing, friendly, and likable to grumpy, crabby, and unpleasant.

Extraversion

Dimension of personality referring to one’s need to be with other people.

Minnesota Twin Study

A project that examines the influence of genetics versus environment on human development by studying twins reared together and apart.