The Financial Accounting "Element" That Best Describes a Loan Payable

question 64

Multiple Choice

The financial accounting "element" that best describes a loan payable to a bank is

• A) Assets
• B) Liability
• C) Equity
• D) Expense
• E) Revenue

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Definitions:

Socioeconomic Status (SES)

The social standing or class of an individual or group, often measured as a combination of education, income, and occupation.

Cognitive Abilities

refer to the brain-based skills we need to carry out any task from the simplest to the most complex.

Gender Differences

Variations in characteristics, behaviors, and roles traditionally associated with being male or female.

Testosterone Levels

The concentration of the hormone testosterone in the blood, which plays key roles in male sexual development, muscle mass, and mood regulation.