Question: If a transaction causes an asset account to decrease, which of the following related effects may occur? Multiple Choice An increase of equal amount in
If a transaction causes an asset account to decrease, which of the following related effects may occur?
Multiple Choice
An increase of equal amount in an owners' equity account.
An increase in a liability account.
An increase of equal amount in another asset account.
An increase in the combined total of liabilities and owners' equity.
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