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.

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Definitions:

Cognitive Performance

The ability to perform mental tasks and processes related to knowledge, attention, memory, judgement, and reasoning.

Exam Grades

The numerical or letter indicators used to quantify a student's performance in an academic examination.

Random Assignment

Researchers’ assignment of participants to groups by chance, to reduce the likelihood that an experiment’s results will be due to preexisting differences between groups.

Experimental Research

A methodological approach in scientific studies where variables are manipulated to assess their effects on other variables, typically within a controlled environment.