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Which of the Following Could Describe the Effects of an Asset

Question 106

Multiple Choice

Which of the following could describe the effects of an asset exchange transaction on the accounting equation?  Assets= Liabilities+ stockholcers  equity \begin{array}{ccccc} \text { Assets} &=& \text { Liabilities} & + \text { stockholcers }{ }^{\prime} \text { equity } \\\end{array}
A.
+/n/a n/a \begin{array}{llcc}&+/-&&&& \text {n/a }&&&&&& \text {n/a } \\\end{array}

B.
+n/a +\begin{array}{llcc}&+&&&&& \text {n/a } &&&&&&&+ \\\end{array}

C.
 n/a \begin{array}{llcc} &-& &&&& \text { n/a } &&&&&&&-\\\end{array}

D.
++n/a \begin{array}{llcc}&+&&&&&&+&&&&&&& \text {n/a } \\\end{array}


A) Option A
B) Option B
C) Option C
D) Option D

Correct Answer:

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