Lush Lawns Incurred $1,500 Labor Expense and Promised to Pay

question 43

Multiple Choice

Lush Lawns incurred $1,500 labor expense and promised to pay the labor agency within 30 days. Which of the following would decrease as a result of this transaction?

• A)Assets
• B)Owner's Capital
• C)Liabilities
• D)Revenues

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Definitions:

Voluntary Control

The ability to consciously direct or influence bodily movements or physiological functions.

Flexion

A bending movement of the two elements of a jointed body part.

Muscular Dystrophy

A group of inherited disorders characterized by a loss of muscle tissue and by muscle weakness.

Myasthenia Gravis

An autoimmune disorder that is characterized by muscle weakness.