If You Debit an Expense Account, What Impact Does That

question 59

Multiple Choice

If you debit an expense account, what impact does that have on stockholders' equity?

• A)Decreases stockholders' equity
• B)Increases stockholders' equity
• C)There is no effect on stockholders' equity
• D)Decreases net income but has no effect on stockholders' equity

---

Definitions:

Voluntary Participation

The principle that participants in research or activities choose to partake of their own free will, without coercion or undue influence.

Ethical Principle

Fundamental guidelines or rules that are adopted and followed by individuals or societies to determine what behaviors are considered right, wrong, good, or bad.

Anecdotal Evidence

Evidence based on personal accounts, observations, or stories, which may not be scientifically proven or reliable.

Reporting Biases

Distortions in reported information, often due to selective revelations or suppression of certain details, which can affect the reliability of data.