For the Basic Accounting Equation to Stay in Balance, Each

question 33

Multiple Choice

For the basic accounting equation to stay in balance, each transaction recorded must

• A)affect two or fewer accounts.
• B)affect two or more accounts.
• C)always affect exactly two accounts.
• D)affect the same number of asset and liability accounts.

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Definitions:

Ethical Dilemma

A situation in which a decision must be made between two or more morally problematic alternatives.

Neurogenesis

The process of generating new neurons in the brain, which can play a role in learning and memory.

Brain Plasticity

The brain's ability to reorganize itself by forming new neural connections throughout life.

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The front part of the brain associated with executive functions, such as decision making, problem solving, and controlling behavior.