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Questions and Answers
What is the potential consequence of a transaction that increases an asset?
What is the potential consequence of a transaction that increases an asset?
- A decrease in equity (correct)
- A decrease in liabilities
- A decrease in revenue
- A decrease in expenses
In the context of an asset increase due to a transaction, what might decrease as a result?
In the context of an asset increase due to a transaction, what might decrease as a result?
- Accounts receivable
- Accumulated depreciation
- Operating income
- Inventory (correct)
What could be an effect of a transaction leading to an increase in assets?
What could be an effect of a transaction leading to an increase in assets?
- A decrease in cash flow
- A decrease in dividends
- A decrease in accounts payable
- A decrease in net profit margin (correct)
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