Which One of the Following Changes Describes the Receipt of $3,000

question 38

Multiple Choice

Which one of the following changes describes the receipt of $3,000 from the issuance of a long-term note payable?

• A) Assets and shareholders' equity increase by $3,000.
• B) Assets and shareholders' equity decrease by $3,000.
• C) Assets and liabilities increase by $3,000.
• D) Assets and liabilities decrease by $3,000.

---

Definitions:

Bystander Intervention

The act of stepping in to help or prevent harm when witnessing an emergency or a situation where someone is in need.

Intrinsic Motivation

The internal drive to perform an activity for its own sake and personal rewards, rather than for some external reward or pressure.

Preference for Consistency

A psychological trait that denotes a person's desire to maintain uniformity and coherence among their beliefs, values, and actions.

Self-Control

The ability to regulate one's emotions, thoughts, and behaviors in the face of temptations and impulses.