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zloy xaker [14]
3 years ago
10

Which of the following statements about credits is true? A : Credits decrease both assets and liabilities. B : Credits increase

both assets and liabilities. C : Credits decrease assets and increase liabilities. D : Credits increase assets and decrease liabilities.
Business
1 answer:
e-lub [12.9K]3 years ago
7 0

Answer:

The correct answer is C. Credits decrease assets and increase liabilities.

Explanation:

A credit is a provision of money in the form of a loan, granted by a creditor (lender) to a debtor (borrower). For the creditor, the transaction gives rise to a claim on the borrower, under which he can obtain repayment of the funds and payment of remuneration (interest) according to a fixed schedule. For the borrower, whether it is a business or an individual, the credit establishes the existence of a debt (increasing liabilities) and opens the availability of a temporary financial resource.

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The given case involves c. both a state and a federal discrimination claim.

<h3>What is a Discrimination Claim?</h3>

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Hence, we can see that in a discrimination claim, if the laws are the same, then a judge can make a decision and apply it to both federal and state claims.

With this in mind, we can see that because Rapunzel who lives in Massachusetts files a discrimination claim against her employer, this is both a federal and state claim because it happened in Massachusetts and she had exhausted her administrative remedies.

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4 0
2 years ago
Employees at Clearwater Plumbing Supply, Inc. asked the management to hold an election to determine which radio station would be
slavikrds [6]

Answer:

Check the explanation

Explanation:

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6 0
3 years ago
Read 2 more answers
During the period, labor costs incurred on account amounted to $175,000, including $150,000 for production orders and $25,000 fo
Naya [18.7K]

Answer:

d. Work in Process      150,000 DEBIT

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Explanation:

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3 years ago
The allegheny corporation purchased machinery for
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3 years ago
When forecasting fixed asset​ requirements, the projected fixed asset balance will
iren2701 [21]

Answer:

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If the existing level of the fixed asset is enough to support the current assets so the projected fixed assets balance would not be increased proportionally with the increase in sales

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4 years ago
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