Increases in Assets Must Be Accompanied by

question 33

Multiple Choice

Increases in assets must be accompanied by

• A) an increase in liabilities.
• B) an increase in owners equity.
• C) equal amounts of a) and b).
• D) some combination of a) and b).

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Definitions:

Immanent

Existing or operating within; inherent within the physical world or the universe.

Immanent Justice

The belief, often held by children, that moral behavior is always rewarded and immoral behavior is always punished.

Immediate

Pertaining to something occurring or done without delay.

Heteronomous

Subject to external rules or laws rather than being independent in one's ethics or morality.