Which of the Following Can Be an Effect of a Transaction

question 58

Multiple Choice

Which of the following can be an effect of a transaction that increased an asset of a business for the accounting equation to balance?

• A)there is an equal decrease in another asset
• B)there is an equal decrease in equity
• C)there is an equal decrease in a liability account
• D)both liabilities and equity decrease

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Definitions:

Displaced Oblique Fracture

A type of bone fracture where the bone breaks diagonally and the pieces move out of alignment.

Shaft

The long, narrow, central portion of an object, tool, or anatomical structure.

Left Tibia

The larger and stronger of the two bones in the lower leg, located on the medial side, commonly known as the shinbone.

Initial Encounter

A term denoting the very first consultation or treatment session for a new health problem or diagnosis.