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Anvisha [2.4K]
3 years ago
8

Which of the following increases liabilities but not assets?

Social Studies
2 answers:
arlik [135]3 years ago
7 0
B would be the answer
4vir4ik [10]3 years ago
6 0

The correct answer is B. Taking out loan to go on vacation.

Liability is termed as future sacrifices of benefits which are obliged to other entities. There are characteristics which explains what is liability.

For example, A type of borrowing from banks or from persons to improve personal income and which is being paid within the given period of time.

Liability can be based on constructive obligations or equitable obligations.

We can say that we get the asset when liability is being added to owners equity.

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When external inducements are insufficient to justify our behavior, we reduce dissonance by justifying the behavior internally.
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cognitive dissonance      

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3 years ago
They should never be revised.
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Explanation:

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3 years ago
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Ann [662]

Answer:

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4 0
3 years ago
O zarathustra, you are a rogue! whether god yet lives, or again lives, or is thoroughly dead, which of us knows best? i ask you.
lyudmila [28]
Zarathustra died because of laughing.
8 0
3 years ago
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