The Entry to Record the Initial Borrowing of Cash by Issuing

question 107

Multiple Choice

The entry to record the initial borrowing of cash by issuing a promissory note causes a(n) :

• A)increase in stockholders' equity.
• B)decrease in assets.
• C)decrease in stockholders' equity.
• D)increase in liabilities.

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Definitions:

Motion Study

A business efficiency technique that analyzes the motions involved in performing a task to design more efficient ways of working, thereby improving productivity.

Frank and Lillian Gilbreth

Pioneers in the field of industrial engineering, known for their studies of time and motion to improve workplace efficiency.

Scientific Management

A management theory developed by Frederick W. Taylor advocating for the optimization of work through scientific methods to increase productivity.

Henry Fayol

A French industrialist and management theorist known for developing a general theory of business administration.