Use This Information to Answer the Following Question

question 60

Multiple Choice

Use this information to answer the following question. Here is the balance sheet for Abbot Box Company:
If the balance in the Cash account were used to pay part of Accounts Payable, then total liabilities and owner's equity would

• A) decrease by $8,000.
• B) increase by $8,000.
• C) increase by $16,000.
• D) decrease by $16,000.

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Definitions:

Achievement-Motivation

is a personal drive to overcome challenges, master tasks, and reach high standards of excellence, influenced by an individual's desire for success and fear of failure.

Driven

Being highly motivated or determined to achieve specific goals, often displaying a strong sense of purpose.

Compressed Workweek

A flexible work arrangement where a standard workweek is condensed into fewer days, typically allowing employees to have longer weekends.

Job Simplification

The process of breaking down jobs into their simplest components to increase productivity and efficiency.