Journal Entry Expense account decreases
A) Debit (Dr.)
B) Credit (Cr.)
Answer: B) Credit (Cr.)
Business
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Define moral hazard in a financial sense. What must be present for moral hazard to arise? Describe the moral hazard that occurred with the Great Recession of 2007 - 2009. How could this type of behavior be avoided in the future?
What will be an ideal response?
Business
Distinguish between an entity class and an entity instance
What will be an ideal response?
Business