Which of the Following Transactions Does Not Result in an Increase

question 149

Multiple Choice

Which of the following transactions does not result in an increase in expenses?

• A)Payment of accounts payable.
• B)Usage of utlities.
• C)Allocation of the cost of a building.
• D)Expiration of prepaid insurance.

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Definitions:

Witness

An individual who observes an event, action, or the signing of a document and can provide testimony about what they observed.

Motion To Dismiss

A legal proceeding where one party seeks to have a case or a portion of it dismissed by the court before a trial.

Liable

Being legally responsible for something, especially in the context of debts or legal judgments.

Judgment N.O.V.

A verdict meaning "judgment notwithstanding the verdict," which allows a judge to reverse the jury's decision if deemed unreasonable or unsupported by evidence.