An Increase in an Asset Account May Be Offset by A(n)

question 59

Multiple Choice

An increase in an asset account may be offset by a(n)

• A) decrease in a liability account.
• B) increase in an expense account.
• C) increase in owner's equity.
• D) decrease in owner's equity.

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Definitions:

Acid Equilibrium

The state of balance between the forward and reverse reactions in which an acid donates a proton to a base.

Acid Salt

A type of salt that contains an ionizable hydrogen atom, allowing it to act as an acid under suitable conditions.

Soluble

Ability of a substance to dissolve in a solvent, forming a homogeneous mixture at a molecular or ionic level.

Sodium Chloride

Common salt; an ionic compound with the formula NaCl, essential for life and used in food seasoning and preservation.