A Business Settles a Liability by Making a Payment with Cash

question 126

Multiple Choice

A business settles a liability by making a payment with cash. How does paying this liability affect the accounting equation?

• A)Liabilities decrease; owners' equity increases.
• B)Assets decrease; liabilities decrease.
• C)Assets increase; liabilities increase.
• D)Assets increase; liabilities decrease.

Recognize the significance of removing homosexuality from the list of psychological disorders by the American Psychiatric Association.

Understand the contributions and viewpoints of early sexual theorists and scholars and their influence on modern understandings of human sexuality.

Understand the concept of familismo and its implications for individual behaviors and choices.

Explore the relationship between cultural values such as familismo and sexual practices.

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Definitions:

Exports

Goods or services sent from one country to another for sale or trade.

Imports

Goods or services brought into one country from another for the purpose of sale or trade.

Exchange Rate Risk

The potential for loss due to fluctuations in the exchange rate between two currencies in international finance.

Foreign Currency

Currency used in a country other than one's own, necessitating exchange for transactions.