Which of the Following Situations Increase Owner's Equity

question 113

Multiple Choice

Which of the following situations increase owner's equity?

• A) Supplies are purchased on account.
• B) Services are provided on account.
• C) Cash is received from customers.
• D) Utility bill will be paid next month.

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Definitions:

Psychosexual Development

A theory proposed by Freud that children go through a series of stages in which they confront conflicts between biological drives and social expectations, with successful navigation resulting in a healthy personality.

Reaction Formation

A mechanism of defense in which a forbidden impulse is turned into its opposite.

Oedipus Complex

A concept in psychoanalytic theory referring to a child's unconscious sexual desire for the opposite-sex parent and jealousy toward the same-sex parent.

Psychosexual Stage

In Freudian psychology, sequential developmental stages in childhood during which personality formation occurs, focusing on how children manage erotic and sexual impulses.