If a Transaction Causes an Equity Account to Decrease,which of These

question 29

Multiple Choice

If a transaction causes an equity account to decrease,which of these related effects may also occur?

• A)A decrease of an equal amount in a liability account
• B)An increase of an equal amount in an asset account
• C)A decrease of an equal amount in an asset account
• D)A decrease of an equal amount in another equity account

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Definitions:

Impulses

Sudden, involuntary urges to act, often driven by emotional or physiological needs.

Personality

refers to the individual differences in characteristic patterns of thinking, feeling, and behaving.

Humanistic Approaches

A psychological perspective that emphasizes the study of the whole person, looking at human behavior not only through the eyes of the observer but through the eyes of the person doing the behaving.

Conditions of Worth

Standards that one feels they must adhere to in order to earn positive regard from others.