If During the Current Year,liabilities of Corbett's Store Increased by $220,000

question 107

Multiple Choice

If during the current year,liabilities of Corbett's Store increased by $220,000 and owners' equity increased by $160,000,then:

• A)Assets at the end of the year total $380,000.
• B)Assets at the end of the year total $60,000.
• C)Assets increased during the year by $380,000.
• D)Assets decreased during the year by $60,000.

---

Definitions:

Stimulus

Any event or situation that evokes a response from an organism.

Unconditioned Stimulus

A stimulus that naturally and automatically triggers a response without any prior learning.

Conditioned Stimulus

A previously neutral stimulus that, after being associated with an unconditioned stimulus, evokes a conditioned response.

Unconditioned Stimulus

An automatic and naturally occurring stimulus that elicits a response without the need for prior learning.