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Which of the following direct effects on the accounting equation is not possible as a...

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Accounting

Which of the following direct effects on the accounting equation is not possible as a result of a single business transaction which impacts only two accounts?

Multiple Choice

  • An increase in an asset and a decrease in an asset.

  • A decrease in stockholders' equity and a decrease in an asset.

  • An increase in stockholders' equity and an increase in an asset.

  • An increase in a liability and a decrease in an asset.

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