West CoReturned $500 of Merchandise That Was Purchased on Account

question 44

Multiple Choice

West Co.returned $500 of merchandise that was purchased on account.As a result of this transaction,assets will:

• A) decreased and liabilities will decrease.
• B) decreased and net income will decrease.
• C) stay the same and net income will decrease.
• D) stay the same and liabilities will decrease.

---

Definitions:

Psychosomatic Diseases

Illnesses where psychological factors play a significant role in the development, manifestation, or exacerbation of physical symptoms.

Post-Traumatic Stress Disorder

A mental health condition triggered by experiencing or witnessing a terrifying event, characterized by severe anxiety, flashbacks, and uncontrollable thoughts about the event.

Vulnerability

The state of being exposed to the possibility of being attacked or harmed, either physically or emotionally.

Social Relations

Interactions between individuals and groups, including how they communicate, influence, and relate to each other.