Question
If a transaction causes an asset account to decrease, which of the following related effects may occur? An increase of equal amount in an owners'
If a transaction causes an asset account to decrease, which of the following related effects may occur?
|
| An increase of equal amount in an owners' equity account. |
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| An increase in a liability account. |
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| An increase of equal amount in another asset account. |
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| An increase in the combined total of liabilities and owners' equity. |
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Introduction to Managerial Accounting
Authors: Peter C. Brewer, Ray H Garrison, Eric Noreen
8th edition
1259917061, 978-1259917066
