The Effect on the Statement of Financial Position When a Debtor

question 62

Multiple Choice

The effect on the statement of financial position when a debtor pays the amount that is owed is:

• A)increase asset bank; decrease asset debtor; increase equity.
• B)increase asset bank; increase equity.
• C)increase asset bank; decrease asset debtor.
• D)none of the above.

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Definitions:

Surprised Results

Findings in research or experiments that deviate significantly from what was originally hypothesized or expected.

Social Facilitation

The tendency for individuals to perform differently, usually better, when in the presence of others as opposed to when alone.

Well-Learned Tasks

Tasks or activities that have been practiced to the point of requiring little conscious thought, often executed automatically.

Liberal

A political and social philosophy that emphasizes individual freedom, democracy, and the importance of civil rights.