Which of the Following Transactions Would Cause an Increase in Both

question 119

Multiple Choice

Which of the following transactions would cause an increase in both the assets and liabilities of a company?

• A)Paying for the current month's rent.
• B)Pay for inventory purchased 90 days ago.
• C)Purchase of a building by issuing a note payable.

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Definitions:

Behaviour Therapies

A range of therapies that focus on modifying dysfunctional behaviors through conditioning and learning techniques.

Obsessive-compulsive Disorders

A mental health disorder characterized by unwanted repetitive thoughts and behaviors.

Drug-related Problems

Issues that arise from the use of pharmaceutical drugs, including side effects, drug interactions, and dependence.

Phobias

An intense, irrational fear of specific objects, activities, or situations that leads to avoidance behavior.