Which of the Following Transactions Would Cause an Asset to Decrease

question 172

Multiple Choice

Which of the following transactions would cause an asset to decrease and the owner's equity to decrease?

• A) The business provided services to a cash customer.
• B) The business bought supplies for cash.
• C) The owner withdrew cash from the business.
• D) The business bought supplies on account.

---

Definitions:

Control Group

In experimental research, a group of subjects that does not receive the experimental treatment and is used as a benchmark to measure how the other tested subjects do.

Experimental Group

In research, this group is exposed to the intervention or treatment being tested, in contrast to the control group.

Homework

Assignments given to students by their teachers to be completed outside of class aimed at reinforcing learning.

Double-blind Studies

Research designs in which neither the participants nor the experimenters know who is receiving a particular treatment, reducing biases.