When Jane Brown Writes a $100 Check to Her Nephew

question 141

Multiple Choice

When Jane Brown writes a $100 check to her nephew and he cashes the check,Ms. Brown's bank ________ assets of $100 and ________ liabilities of $100.

• A)gains;gains
• B)gains;loses
• C)loses;gains
• D)loses;loses

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Definitions:

Basic

The term "basic" refers to something that is fundamental, simple, or at the foundational level, often indicating the essential starting point of a concept or process.

Promotion

A marketing strategy used to increase awareness, interest, and sales of a product or service.

Guerrilla Marketing

Innovative, low-cost marketing effort designed to get consumers’ attention in unusual ways.

Innovative

Characterized by the introduction of new ideas, products, or methods; displaying creativity and inventiveness.