When a Note Payable Is Given to Settle an Existing

question 18

Multiple Choice

When a note payable is given to settle an existing account payable,

• A) There is no net change in assets, liabilities, or owners' equity
• B) Net assets are increased
• C) Net liabilities are increased
• D) Net owners' equity is increased

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Definitions:

Exploratory Factor Analysis

A statistical technique used to identify potentially underlying variable structures within a set of observed variables without a preconceived structure in mind.

Confirmatory Factor Analysis

A statistical method used to test whether a set of observed variables represents a number of underlying factors.

Natural B Data

An observational data type in personality psychology involving the collection of data from natural, real-world settings, as opposed to controlled laboratory conditions or self-reported questionnaires.