The Effect on the Statement of Financial Position When a Debtor

question 62

Multiple Choice

The effect on the statement of financial position when a debtor pays the amount that is owed is:

• A)increase asset bank; decrease asset debtor; increase equity.
• B)increase asset bank; increase equity.
• C)increase asset bank; decrease asset debtor.
• D)none of the above.

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Definitions:

Nasal Cavity

The interior space of the nose, lined with mucosa, involved in breathing and the olfactory process.

Pharynx

A muscular tube that connects the mouth and nasal passages with the esophagus and larynx, playing a key role in both the respiratory and digestive systems.

Hyperventilates

Excessively rapid or deep breathing, which can lead to a decrease in carbon dioxide in the blood, causing lightheadedness or tingling of the limbs.

Carbon Dioxide

A colorless, odorless gas produced by burning carbon and organic compounds and by respiration. It is naturally present in air and absorbed by plants in photosynthesis.