Multiple Choice
In part,a transaction affects the accounting equation as follows: Which of the following must be true for this transaction to keep the accounting equation in balance?
A) If other assets remain the same,shareholders' equity must increase.
B) If other assets remain the same,shareholders' equity must remain the same.
C) If shareholders' equity remains the same,another asset must decrease.
D) If shareholders' equity remains the same,all other assets must remain the same.
Correct Answer:

Verified
Correct Answer:
Verified
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