Which of the Following Transactions Would Decrease an Asset and Decrease

question 61

Multiple Choice

Which of the following transactions would decrease an asset and decrease stockholders' equity?

• A)The payment of an account payable
• B)The performance of a service for a client on account
• C)The borrowing of money from the bank for thirty days
• D)The declaration and payment of a dividend to the shareholders

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Definitions:

Telegraphic Speech

A stage in language acquisition where children speak using simple constructions, often leaving out unnecessary words.

Prelinguistic

The stage in a child's development before spoken language emerges, characterized by gestures, facial expressions, and vocalizations to communicate.

Babbling

The production of repetitive syllables by infants, an early stage of language development.

Weschler Intelligence Scale

A standardized intelligence test designed to measure cognitive ability in adults and children.