Which of the Following Can Be an Effect of a Transaction

question 221

Multiple Choice

Which of the following can be an effect of a transaction that increased an asset of a corporation 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 decrease.

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Definitions:

Stereotype Threat

An individual’s fast-acting, self-fulfilling fear of being judged based on a negative stereotype about their group.

Internal Attributions

The process of explaining one's own or others' behavior as being caused by internal characteristics, such as personality traits or abilities.

External Attributions

The process of attributing the cause of one's own or others' behaviors to external factors or situations.

Attribution Theory

The view that people are motivated to discover the underlying causes of behavior as part of their effort to make sense of the behavior.