A Promissory Note from the Sales of Merchandise Would Have

question 27

Multiple Choice

A promissory note from the sales of merchandise would have which effect on the categories?

• A)Total assets would be increased.
• B)Total liabilities would be increased.
• C)Owner's equity would be decreased.
• D)None of these answers are correct.

---

Definitions:

Distractibility

A common inability to maintain attention or focus on the task at hand due to being easily pulled away by other stimuli.

Generalized Anxiety Disorder

is a mental health disorder characterized by persistent and excessive worry about various aspects of life, not limited to one specific issue.

Constantly "On Edge"

This term describes a state of being continually anxious, tense, or irritable.

Apprehensive

Feeling anxious or fearful about the future; uneasy.