Which of the Following Would Increase Assets and Increase Liabilities

question 45

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:

Refusal To Pay

The act of deliberately not making a payment that is due, typically in the context of bills, debts, or other financial obligations.

Endorsement

The act of signing one's name on the back of a check or other negotiable document, transferring its legal title or rights to another individual or entity.

Transfer Warranties

Guarantees provided by a seller regarding the legality of transferring ownership of goods.

Transferee

is an individual or entity that receives the transfer of property, rights, or interest from another.