If a Utility Bill Is Received for Electricity Used During

question 43

Multiple Choice

If a utility bill is received for electricity used during the month, then

• A) a liability will increase.
• B) an asset will increase.
• C) owner's equity will decrease.
• D) owner's equity will increase.

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Definitions:

Workcenter

A specific physical location where tasks are performed, often used in manufacturing and project planning.

Manufacturing Cell

An arrangement of machinery and workers in which the production process is broken down into simpler steps, and all necessary equipment and staff are located close to each other to increase efficiency.

Assembly Line

A manufacturing process in which parts are added to a product in a sequential manner to create a finished product in the most efficient and streamlined way.

Continuous Process

A production process that operates incessantly over a long period of time, allowing for the constant production of goods or delivery of services.