If a Business Pays $1,100 on Account to a Creditor

question 63

Multiple Choice

If a business pays $1,100 on account to a creditor, the effect of the payment is a decrease to cash and a

• A) decrease to Fees Income
• B) increase of capital
• C) increase to accounts receivable
• D) decrease to accounts payable

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Definitions:

Random Group Assignment

A method in experimental design to ensure every participant has an equal chance of being assigned to any group, thus minimizing preexisting differences between those assigned to different groups.

Construct

An abstract concept that is specifically chosen or created to explain a given phenomenon.

True-Experimental Design

True-experimental design is a type of experimental research methodology that involves the manipulation of variables, control of extraneous variables through random assignment, and the comparison between a control group and one or more experimental groups to determine causal relationships.

Cause and Effect

A relationship between two events where one event (the cause) directly results in the other event (the effect).