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.

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Definitions:

Audience Compliance

The extent to which an audience acts in accordance with the requests, guidelines, or directions provided by a communicator or message.

Negative Outcome

An unfavorable or adverse result stemming from a particular action or decision.

Routine Messages

Regular, everyday communications that convey standard information in a business or organizational context.

Digital Technology

Electronic tools, systems, devices, and resources that generate, store, or process data.