Two or More Items Could Be Affected by a Transaction

question 120

Multiple Choice

Two or more items could be affected by a transaction. Which of the following statements is INCORRECT?

• A) An increase in an asset may result in a decrease in another asset.
• B) An increase in an asset may result in a decrease in an asset and increase in a liability.
• C) An increase in a liability may result in a decrease in an asset.
• D) An increase in a liability may result in a decrease in owner's equity.

---

Definitions:

Homo Erectus

An extinct species of human that lived throughout most of the Pleistocene geological epoch, known for its upright walking ability.

Tool Use

The ability of an organism to use physical objects other than its own body parts as means to complete a task or solve a problem.

Genetic Diversity

The total number of genetic characteristics in the genetic makeup of a species, which enables populations to adapt to changing environments.

Colonization Patterns

Describes how species spread to new areas, establishing populations and the factors influencing their distribution and abundance.