If the Transaction Causes an Asset Account to Decrease, Which

question 250

Multiple Choice

If the transaction causes an asset account to decrease, which of the following related effects may occur?

• A) An increase of equal amount in the common stock account.
• B) An increase in a liability account.
• C) An increase of equal amount in another asset account.
• D) An increase in the combined total of liabilities and stockholders' equity.

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Definitions:

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