The Payment of an Account Payable Would

question 143

Multiple Choice

The payment of an account payable would:

• A)increase owner's equity.
• B)decrease owner's equity.
• C)have no effect on total assets.
• D)have no effect on owner's equity.

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Definitions:

Defense Mechanism

Psychological strategies brought into play by individuals or the ego to protect against anxiety arising from unacceptable thoughts or feelings.

Subconsciously Attributes

Subconsciously attributes refer to qualities or features that are assigned or associated with something without conscious awareness.

Association Techniques

Techniques in which respondents are presented with visual or auditory stimuli and asked to respond with the first association that comes to mind.

Theory

A system of ideas intended to explain something, based on general principles independent of the thing to be explained.