A Business Settles a Liability by Making a Payment with Cash.How

question 30

Multiple Choice

A business settles a liability by making a payment with cash.How does paying this liability affect the accounting equation?

• A)Liabilities decrease;owners' equity increases.
• B)Assets increase;liabilities increase.
• C)Assets increase;liabilities decrease.
• D)Assets decrease;liabilities decrease.

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Definitions:

Vector DNA

A molecule of DNA utilized to deliver genetic material into a cell, often used in genetic engineering and research to replicate or express particular genes.

DNA Polymerase

An enzyme that plays a crucial role in DNA replication and repair by assembling nucleotides to produce a new DNA strand.

Plasmids

Small, circular DNA molecules found in bacteria and some yeasts that can replicate independently of the chromosomal DNA.

Genome

The complete set of DNA, including all of its genes, in an organism or cell.