Mastertack Inc

question 79

Multiple Choice

Mastertack Inc. bought an asset and signed a four-year non-interest-bearing note for the full amount. If the note were recorded at its face value, which of the following statements would be true?

• A) Both assets and liabilities will be overstated
• B) Both assets and liabilities will be understated
• C) Only liabilities will be overstated
• D) Only liabilities will be understated

---

Definitions:

Electroconvulsive Therapy

A psychiatric treatment involving electrically induced seizures to treat severe mental disorders, especially major depression.

Antidepressant Medication

Drugs prescribed to treat symptoms of depression, typically by altering chemical imbalances in the brain that affect mood and behavior.

Alcohol-Related Disorders

Medical conditions stemming from excessive or inappropriate alcohol consumption, including dependence, abuse, and physical harm.

Anxiety Disorders

A collection of psychological disorders marked by intense experiences of fear and anxiety.