If an individual asset is increased, then
A)there could be an equal decrease in a specific liability.
B)there could be an equal decrease in stockholders' equity.
C)there could be an equal decrease in another asset.
D)None of these answer choices are correct.

Question

Quizplus · Accepted Answer

An increase in an individual asset can be offset by a decrease in another asset, maintaining the balance in the accounting equation.

If an Individual Asset Is Increased, Then