If the transaction causes an asset account to decrease, which of the following related effects may occur?
A) An increase of equal amount in the common stock account.
B) An increase in a liability account.
C) An increase of equal amount in another asset account.
D) An increase in the combined total of liabilities and stockholders' equity.

Question

Quizplus · Accepted Answer

When an asset account decreases, it is often because the asset has been used to acquire another asset, leading to an increase in another asset account.

If the Transaction Causes an Asset Account to Decrease, Which