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Questions and Answers
If assets decrease, what is the likely impact on capital?
If assets decrease, what is the likely impact on capital?
- B. Decrease (correct)
- A. Increase
- C. Stay the same
- D. Cannot be determined
Which of the following is a possible effect of a decrease in assets?
Which of the following is a possible effect of a decrease in assets?
- B. Decrease in liabilities
- C. Increase in capital
- A. Increase in liabilities (correct)
- D. Decrease in another asset
What is a possible consequence of a decrease in assets?
What is a possible consequence of a decrease in assets?
- A. Increase in liabilities (correct)
- B. Increase in capital
- C. Increase in another asset
- D. None of the above
What is the impact of an owner's withdrawal on assets and owner's equity?
What is the impact of an owner's withdrawal on assets and owner's equity?
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How does an owner's withdrawal affect assets and owner's equity?
How does an owner's withdrawal affect assets and owner's equity?
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When an owner makes a withdrawal, what happens to assets and owner's equity?
When an owner makes a withdrawal, what happens to assets and owner's equity?
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