If Money Is Borrowed from the Bank on a Long-Term

question 61

Multiple Choice

If money is borrowed from the bank on a long-term loan,the accountant:

• A) debits cash and debits long-term bank loan.
• B) debits long-term bank loan and credits cash.
• C) debits cash and credits long-term bank loan.
• D) does none of the above.

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Definitions:

Police Brutality

Excessive or unnecessary force used by police officers against civilians, often leading to violations of civil rights.

Dangerous Chemicals

Substances that pose a considerable risk to human health or the environment due to their toxic, corrosive, reactive, or flammable properties.

Economic Deviance

Activities deviating from accepted economic norms and laws, including both white-collar crimes and other forms of illegal or unethical economic behaviors.

Deviant Motivation

The psychological drive or reasoning behind behavior that deviates from societal norms or expectations.