Which of the Following Statements Is True

question 16

Multiple Choice

Which of the following statements is true?

• A) If you decrease an asset account,you could decrease a liability account.
• B) If you increase a liability account,you could increase a shareholders' equity account.
• C) If you increase an asset account,you could increase another asset account.
• D) All of these.

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Definitions:

Copyrighted

A legal term denoting the exclusive right granted to the creator of an original work, including the right to copy, distribute, and adapt the work.

Patenting

The process of obtaining a patent, which is an exclusive right granted for an invention, allowing the patent holder to exclude others from making, using, or selling the invention.

Industrial Design Act

Legislation governing the protection of the visual design of objects that are not purely utilitarian, ensuring creators have exclusive rights to their designs.

Registered

Officially recorded and recognized by authorities or organizations, often in a public registry.