Multiple Choice
In part,a transaction affects the accounting equation by decreasing a liability.There is no effect on assets.Which of the following statements is correct with regards to this transaction?
A) If other liabilities are unchanged,stockholders' equity must be decreasing.
B) If other liabilities are unchanged,stockholders' equity must be increasing.
C) If stockholders' equity is unchanged,another liability must be decreasing.
D) If stockholders' equity is unchanged,other liabilities must be unchanged.
Correct Answer:

Verified
Correct Answer:
Verified
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