An Expense Has What Effect on the Accounting Equation

question 151

Multiple Choice

An expense has what effect on the accounting equation?

• A)Decrease liabilities.
• B)Decrease stockholders' equity.
• C)Increase assets.
• D)No effect.

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Definitions:

Incipient Stage

The initial stage of a process, development, or phenomenon, where changes begin to become noticeable but are not yet fully formed.

Armand Mauss

A sociologist known for his work on religion, social issues, and the sociology of Mormonism.

Social Movement

Any social group with leadership, organization, and an ideological commitment to promote or resist social change.

Armand Mauss

An American sociologist best known for his research and scholarly work related to the sociology of religion, particularly Mormonism.