If Total Liabilities Increased by $22,500, Then

question 51

Multiple Choice

If total liabilities increased by $22,500, then

• A) assets must have increased by $22,500.
• B) only shareholders' equity must have increased by $22,500.
• C) assets must have increased by $22,500, or shareholders' equity must have decreased by $22,500.
• D) assets and shareholders' equity must have both decreased by $22,500.

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Definitions:

Fraternal Twins

Siblings born at the same time who have developed from two separate eggs fertilized by two different sperm, genetically unique from each other.

Amygdala

A region of the brain within the temporal lobe, involved in emotion regulation, especially fear and pleasure.

Sympathetic Division

Part of the ANS that is responsible for reacting to stressful events and bodily arousal; “fight-or-flight system.”

Nervous System

The complex network of nerves and cells that transmit signals between different parts of the body to coordinate actions and sensory information.