Which of the Following Statements About the Debit/credit Framework Is

question 146

Multiple Choice

Which of the following statements about the debit/credit framework is correct?

• A)All asset accounts have a normal debit balance with the exception of cash,which has a normal credit balance.
• B)The Common Stock account is increased by debits.
• C)When payment is made on a liability such as accounts payable,the liability account is decreased with a debit.
• D)The total amount of asset accounts must equal the total amount of liability accounts minus the total amount of stockholders' equity accounts.

---

Definitions:

Visible Outcome

A result or effect that is easily seen, noticed, or observed.

Herzberg's Model

A theory of motivation that divides factors into motivators, which can increase job satisfaction, and hygiene factors, which can prevent dissatisfaction.

Motivated

The internal drive or condition that prompts an individual to act or behave in a particular way towards achieving certain goals or fulfilling needs.

Fringe Benefits

Additional benefits supplementing an employee's salary, such as medical insurance, paid vacation, and retirement plans.