Which of the Following Direct Effects on the Fundamental Accounting

question 70

Multiple Choice

Which of the following direct effects on the fundamental accounting model is not possible as a result of transaction analysis?

• A)Increase a liability and increase an asset.
• B)Decrease shareholders' equity and increase an asset.
• C)Increase an asset and decrease an asset.
• D)Decrease shareholders' equity and decrease an asset.

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Definitions:

Defense Mechanism

Unconscious psychological strategies used by individuals to cope with reality and maintain self-image.

Reaction Formation

A defense mechanism in which unacceptable thoughts or desires are expressed as their opposites, often to hide one's true feelings.

Great Admiration

A feeling of profound respect and deep appreciation for someone or something's qualities or achievements.

Homosexual Desires

Sexual attraction or desire between members of the same sex.