If the Assets of a Business Increased $89,000 During a Period

question 50

Multiple Choice

If the assets of a business increased $89,000 during a period of time and its liabilities increased $67,000 during the same period, equity in the business must have:

• A) Increased $22,000.
• B) Decreased $22,000.
• C) Increased $89,000.
• D) Decreased $156,000.
• E) Increased $156,000.

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Definitions:

Self-Censorship

The act of withholding one's own speech or expression in anticipation of others' reactions or due to societal norms.

Attribution Theory

The theory that people are motivated to explain their own and other people’s behavior by attributing causes of that behavior to a situation or a disposition.

Dispositional

Pertaining to one's inherent qualities of mind and character, influencing behavior and reactions.

Situational

Relating to or dependent upon a particular set of circumstances or context.