Which of the Following Transactions Would Cause One Asset to Decrease

question 73

Multiple Choice

Which of the following transactions would cause one asset to decrease and another asset to increase?

• A) The business provided services to a cash customer.
• B) The business bought supplies for cash.
• C) The owner withdrew cash from the business.
• D) All of the above are correct.

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Definitions:

Private Organizations

Entities that operate independently of government control, often driven by private ownership or non-profit motives.

Medicare Coverage

A federal health insurance program in the United States for people aged 65 and older, as well as for some younger individuals with disabilities.

Federal Government

The national government of a federated state, which shares sovereignty with the individual sub-units (such as states or provinces) and which possesses the highest authority in the land under the constitution.

End-Stage Renal Disease

A chronic condition where the kidneys lose their ability to filter waste, electrolytes, and fluids effectively, often requiring dialysis or transplantation.