In Part,a Transaction Affects the Accounting Equation by Decreasing a Liability.There

question 35

Multiple Choice

In part,a transaction affects the accounting equation by decreasing a liability.There is no effect on assets.Which of the following statements is correct with regards to this transaction?

• A)If other liabilities are unchanged,stockholders' equity must be decreasing.
• B)If other liabilities are unchanged,stockholders' equity must be increasing.
• C)If stockholders' equity is unchanged,another liability must be decreasing.
• D)If stockholders' equity is unchanged,other liabilities must be unchanged.

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