All Else Being Equal,an Increase in the U

question 57

Multiple Choice

All else being equal,an increase in the U.S.demand for foreign goods causes the supply of dollars to ________ and the dollar will ________ relative to foreign currencies.

• A) increase; appreciate
• B) increase; depreciate
• C) decrease; appreciate
• D) decrease; depreciate

Understand the impact of various transactions on the accounting equation.

Prepare and understand the statement of stockholders' equity.

Identify and classify accounts as assets, liabilities, or stockholders' equity.

Understand transactions that affect stockholders' equity and their impact.