If an Individual Asset Is Increased, Then

question 48

Multiple Choice

If an individual asset is increased, then

• A)there could be an equal decrease in a specific liability.
• B)there could be an equal decrease in shareholders' equity.
• C)there could be an equal decrease in another asset.
• D)none of these is possible.

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Definitions:

Good

An item or service that satisfies human wants and provides utility, which can be transferred or sold.

Sellers

Individuals or entities that offer goods or services in exchange for monetary or other forms of compensation.

Producer Surplus

Producer surplus is an economic measure of the difference between the amount a producer is paid for a good compared to the minimum amount they would accept to produce that good.

Market Price

is the current price at which an asset or service can be bought or sold in the open market.