A Company Paid Cash for an Amount Owed to a Creditor

question 69

Multiple Choice

A company paid cash for an amount owed to a creditor. This transaction decreased cash and:

• A) decreased revenues.
• B) decreased liabilities.
• C) decreased expenses.
• D) increased expenses.

---

Definitions:

Difficult Temperament

A behavioral profile characterized by high reactivity and low adaptability, often leading to challenges in interactions.

Temperament Classification

A system of categorizing an individual's personality, often based on their typical patterns of behavior, emotion, and mood engagement.

Biological Functioning

The processes and activities through which living organisms or their parts operate and maintain life.

Reciprocal Nature

The characteristic of mutual influence or exchange, where two or more entities affect each other in a back-and-forth manner.