A Business Purchases a Truck by Signing a Note Payable

question 148

Multiple Choice

A business purchases a truck by signing a note payable to the seller.Such a transaction would include a:

• A) credit to Truck
• B) debit to Note Payable
• C) credit to Note Payable
• D) debit to an expense account

---

Definitions:

Group Polarization Effect

The tendency for group discussion to amplify the initial leanings of group members, leading to a more extreme position.

Extreme Opinion

A viewpoint that is significantly far from the mainstream or moderate perspectives, often showing a high level of intensity or fervor.

Unethical

Pertaining to actions or behaviors that go against moral principles or professional standards.

Obedience

A form of social influence where an individual acts in response to a direct order from another individual, who is usually an authority figure.