Which of the Following Would Increase Assets and Increase Liabilities

question 29

Multiple Choice

Which of the following would increase assets and increase liabilities?

• A)Provide services to customers on account.
• B)Purchase office supplies on account.
• C)Pay dividends to stockholders.
• D)Received a utility bill but do not pay for it.

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Definitions:

Auctions

Competitive bidding processes where goods or services are sold to the highest bidder.

Winner's Curse

The tendency of auction winners to have paid more than the item's actual value, often due to competitive bidding and overestimation of worth.

Bid Shading

A strategy in auctions where bidders intentionally bid lower than their actual value to increase the chance of winning at a lower price.

Bid-rigging

A form of fraud where competitors conspire to determine the winner of a bidding process, undermining fair competition.