Which of the Following Are Credits

question 3

Multiple Choice

Which of the following are credits?

• A) increases in expenses
• B) decreases in liabilities
• C) increases in assets
• D) increases in owners' equity.

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Definitions:

Tallahassee

The capital city of Florida, known for its significant role in state politics and as a site of major universities.

Metacognition

Thinking about thinking, or awareness of one’s own mental processes.

Mental Processes

The internal, covert activities of our minds, such as thinking, feeling, and problem-solving.

Cognition

The mental action or process of acquiring knowledge and understanding through thought, experience, and the senses.