Which of the Following Transactions Would Decrease an Asset and Decrease

question 99

Multiple Choice

Which of the following transactions would decrease an asset and decrease stockholders' equity?

• A)payment of an accounts payable
• B)performance of a service for a client on account
• C)borrowing money from the bank for thirty days
• D)declaration and payment of a dividend to the shareholders

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Definitions:

Claude Henri Saint-Simon

A French social theorist and one of the chief founders of Christian socialism, advocating for a society led by intellectuals and industrialists to improve conditions for the poor.

The Middle-Ages

A period in European history from the fall of the Roman Empire in the West (5th century) to the start of the Renaissance (14th-15th century).

George Simmel

A German sociologist and philosopher known for his analyses of modern urban life, social structures, and the philosophy of money.

Macro-Level

Analysis or perspectives that focus on large-scale systems, structures, or processes within societies or organizations.