Which of the Following Can Be an Effect of a Transaction

question 241

Multiple Choice

Which of the following can be an effect of a transaction that increased an asset of a sole proprietorship 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:

Functional Autonomy

A concept in psychology where a behavior continues because it is intrinsically rewarding, despite the original motives or goals being absent or changed.

Erratic Toilet Training

Inconsistent approaches to potty training a child, which may lead to confusion and difficulties in learning proper bathroom habits.

Sadism

A psychological condition where individuals derive pleasure from inflicting pain or suffering on others.

Chauvinism

An exaggerated or aggressive patriotism or blind enthusiasm for military glory; alternatively, it can refer to biased devotion to any cause, group, or gender.