Which of the Following Transactions Would Decrease an Asset and Decrease

question 99

Multiple Choice

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

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

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Definitions:

Suitable Person

An individual deemed appropriate or fitting for a particular role, position, or situation based on their qualities or qualifications.

Defining Task

A task or activity that is crucial in determining or clarifying the nature, scope, or identity of a project or goal.

John Holland's Model

A theory of career and vocational choice based upon personality types, suggesting that people are more satisfied and productive if their work environments match their personal orientations.

High-Stress Activity

Tasks or situations that induce a high level of stress, often requiring significant mental or physical effort to manage.