Which of the Following Would Usually NOT Happen in a Single

question 59

Multiple Choice

Which of the following would usually NOT happen in a single transaction?

• A) Increase assets, decrease liabilities
• B) Increase assets, increase liabilities
• C) Increase liabilities, decrease owners' equity
• D) Decrease assets, decrease owners' equity

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Definitions:

Tip-Of-The-Tongue

A cognitive phenomenon where a person cannot fully retrieve a word but has a partial recall or feels that retrieval is imminent.

Memory Aids

Tools or techniques used to enhance or improve the ability to remember information.

Recall

The ability to retrieve and access information from one's memory that has been previously learned or experienced.

Spelling

The process or activity of writing or naming the letters of a word in the correct order.