Which of the Following Would Result If a Business Purchased

question 63

Multiple Choice

Which of the following would result if a business purchased Equipment with a 40% down payment and the rest on open account?

• A) Equipment would increase and Cash would decrease.
• B) Accounts Payable would increase.
• C) Since the equipment has not been paid in full, there is nothing to record.
• D) Both A and B are correct.

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Definitions:

Personal Dispositions Theory

A psychological framework that focuses on the individual traits or dispositions that consistently influence human behavior across different situations.

Descriptive Traits

Characteristics that are used to describe a person's behavior or attributes in a straightforward and objective manner.

Cardinal Traits

Dominant personality traits that influence most of a person's behaviors and attitudes, according to the theory of Gordon Allport.

Stages of Development

A theory in psychology that proposed human growth occurs in predictable phases, each with its own set of challenges and accomplishments, often associated with the work of Erik Erikson and Jean Piaget.