Any Single Event or Transaction Will Have Which of the Following

Multiple Choice

Any single event or transaction will have which of the following effect(s) on the balance sheet?

A) It increases an asset and increases either a liability or shareholders' equity.
B) It decreases an asset and decreases either a liability or shareholders' equity.
C) It increases one asset and decreases another asset.
D) It increases one liability or shareholders' equity and decreases another liability or shareholders' equity.
E) all of the above