An Expense

question 78

Multiple Choice

An expense

• A) decreases assets and liabilities.
• B) decreases shareholders' equity.
• C) has no effect on shareholders' equity.
• D) increases assets and decreases shareholder' equity.

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Definitions:

Public Goods

Goods that are non-excludable and non-rivalrous, making it difficult to restrict access to their benefits only to those who pay for them.

Collectively Consumed

Products or services that are used or consumed by a group of people simultaneously, such as public goods.

Exclude

To deliberately leave something or someone out of a group, list, or conversation.

Private Sector

The sector of the economy operated by private individuals and businesses aiming for profit, without direct governmental management.