If a Transaction Causes an Asset Account to Decrease, Which

question 67

Multiple Choice

If a transaction causes an asset account to decrease, which of the following related effects may occur?

• A) An increase of equal amount in an equity account.
• B) An increase in a liability account.
• C) An increase of equal amount in another asset account.
• D) An increase in the combined total of liabilities and equity.

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Definitions:

Gentrification

The process of renovating and improving a district so that it conforms to middle-class taste, often leading to the displacement of lower-income residents.

LGBTQ

An acronym standing for lesbian, gay, bisexual, transgender, and queer or questioning, representing a community of individuals with diverse sexual orientations and gender identities.

Non-Binary Trans*

Individuals who identify as transgender and whose gender identity does not fit within the traditional binary notions of strictly male or female.

Urban Neighborhoods

Areas within cities that are characterized by higher population density and diverse social characteristics compared to rural areas.