Liabilities Normally Carry a _______ Balance and Are Shown in the _________

question 162

Multiple Choice

Liabilities normally carry a _______ balance and are shown in the _________.

• A)Debit; Statement of stockholders' equity
• B)Debit; Income statement
• C)Credit; Balance sheet
• D)Debit; Balance Sheet

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Definitions:

Fecal Occult Blood

A medical test looking for hidden (occult) blood in the stool, often used to screen for colon cancer or other digestive system issues.

Occult

Pertaining to supernatural phenomena or hidden knowledge that is beyond the range of ordinary understanding.

Kidney Tubules

Part of the renal nephron where filtration, reabsorption, and secretion take place, crucial for maintaining body's electrolyte and fluid balance.

Protein

A large, complex molecule made up of one or more chains of amino acids, essential for structure, function, and regulation of the body's tissues and organs.