Team Shirts,Inc.repays a $2,000 Loan.This Transaction ________

question 196

Multiple Choice

Team Shirts,Inc.repays a $2,000 loan.This transaction ________.

• A)causes total assets to increase
• B)causes total liabilities to decrease
• C)is an investing activity
• D)causes total shareholders' equity to increase

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Definitions:

Cooperativeness

The willingness to work jointly with others or within a group toward a common goal or objective.

Suboptimization

A situation where the optimization of a part of an organization or system results in the suboptimal performance of the whole.

Temporary Settlements

Provisional arrangements or dwellings that are intended for use over a limited period of time.

Complex Issues

Problems or matters that are difficult to understand or resolve due to their intricate and multifaceted nature.