Which of the Following Statements Is NOT True

question 48

Multiple Choice

Which of the following statements is NOT true?

• A) If the total assets owned by a business total $110 000 and shareholders' equity totals $30 000,liabilities total $80 000.
• B) If total assets decreased by $30 000 during a specific period and shareholders' equity decreased by $35 000 during the same period,the period's change in total liabilities was a $65 000 increase.
• C) If total assets decreased by $50 000 during a specific period and shareholders' equity decreased by $40 000 during the same period,the period's change in total liabilities was a $10 000 decrease.
• D) If total assets increased by $75 000 during a specific period and liabilities decreased by $10 000 during the same period,the period's change in total shareholders' equity was an $85 000 increase.

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Definitions:

External Incentive

A motivator or reward from the outside environment that encourages specific behaviors or actions.

Reducing Dissonance

Involves minimizing or eliminating cognitive dissonance, which is the discomfort experienced when holding two or more conflicting cognitions (thoughts, beliefs, or attitudes).

Chosen School

A term that may refer to an educational institution selected specifically for attendance, based on various criteria such as academic, religious, or personal preferences. If not used in a specific context, the term might not have a recognized definition.

Ignoring New Information

The act of disregarding or dismissing new evidence or data that contradicts one's existing beliefs or theories.