Borrowing Money and Signing a Note Payable Would

question 37

Multiple Choice

Borrowing money and signing a note payable would:

• A)increase total assets and increase liabilities.
• B)decrease liabilities and increase total assets.
• C)increase liabilities and increase owner's equity.
• D)increase total assets and increase owner's equity.

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Definitions:

Affective Commitment

The emotional attachment an employee feels towards their organization, influencing their willingness to remain a part of it.

Continuance Commitment

A form of commitment that is based on the costs that an individual associates with leaving an organization.

Affective Commitment

The emotional attachment, identification, and involvement that an employee has with their organization.

Normative Commitment

The level of an individual's psychological attachment to an organization because of a sense of obligation.