If a Transaction Increased an Asset of a Business

question 15

Multiple Choice

If a transaction increased an asset of a business. Which of the following can be an effect of the transaction 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 decreases.

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Definitions:

Acceptance Of The Self

The process of recognizing and embracing one’s attributes, strengths, and weaknesses without judgement.

Fully Functioning Persons

Individuals who are living in accordance with their true self and feelings, experiencing congruence between their ideal self and actual experiences.

Unconditional Positive Regard

An attitude of total acceptance and support towards a person regardless of what they say or do, particularly used in client-centered therapy.

Conditional Positive Regard

An attitude of acceptance and love towards others that is contingent upon their behavior meeting certain conditions or standards.