A Business Receives Its Bill for Utilities for the Current

question 151

Multiple Choice

A business receives its bill for utilities for the current month that it plans to pay next month when the payment is due. This transaction causes:

• A)an increase in both assets and owner's equity.
• B)a decrease in both owner's equity and liabilities.
• C)an increase in both assets and liabilities.
• D)an increase in liabilities and a decrease in owner's equity.

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Definitions:

Breast Lumps

Abnormal growths or masses in the breast, which can be benign or indicative of breast cancer.

Cancerous

Referring to cells that are malignant, harmful, and can spread to other parts of the body, potentially leading to cancer.

Toxic Shock Syndrome

A rare, life-threatening complication of certain types of bacterial infections, often associated with tampon use.

Bacterium

A group of microscopic single-celled organisms that thrive in diverse environments, some of which can cause disease.