The Payment of a Liability Causes an Increase in Owners

question 95

True/False

The payment of a liability causes an increase in owners' equity.

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Definitions:

Freud

Sigmund Freud, an Austrian neurologist and the founder of psychoanalysis, a clinical method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Conscience

An inner feeling or voice viewed as acting as a guide to the rightness or wrongness of one's behavior.

Surface Of Awareness

Refers to the thoughts, feelings, and perceptions that are readily accessible to an individual's conscious mind.

Unconscious Mind

A component of the mind that houses thoughts, memories, and desires not within the scope of conscious awareness, influencing behavior and decisions.