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Mac,Inc.purchased a truck on October 1,2011 in exchange for a 12-month,9%,$100,000 note.What effect does the October 31,2011 adjusting entry for interest have on the company's total liabilities?
Reactive Power
The component of electrical power that does not result in useful work, measured in VARs (volt-amps reactive), and is generated by reactive components like capacitors and inductors.
Inductive Reactance
A measure of the opposition that an inductor presents to alternating current, due to the magnetic field created by the current.
Capacitive Reactance
The resistance that a capacitor offers to alternating current, depending on the frequency of the current and the capacitor value, measured in ohms.
AC Circuit
A circuit in which the current changes direction periodically, powered by an alternating voltage source.
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