Which Alternative Below Is Not True of Current Consumption

question 13

Multiple Choice

Which alternative below is not true of current consumption?

• A)It refers to goods and services used in the current time period.
• B)Generally,more of it leads to greater levels of satisfaction.
• C)It can increase through current borrowing.
• D)It is usually less desirable than future consumption.

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Definitions:

Decrease Assets

A reduction in the total value or amount of economic resources owned or controlled by an entity.

Owner's Equity

The residual interest in the assets of an entity that remains after deducting its liabilities, reflecting the ownership interest in the company.

Cash

Currency and other liquid instruments that are used to conduct transactions or settle debts.

Accounts Receivable

Funds that customers owe to a company for products or services already provided but not yet compensated for.