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28 November, 03:10

If an individual asset is increased, then which of the following will be correct (a) - there could be an equal decrease in a specific liability. (b) - there could be an equal decrease in stockholders' equity. (c) - there could be an equal decrease in another asset. (d) - none of these is possible.

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  1. 28 November, 03:35
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    C - there could be an equal decrease in another asset

    Explanation:

    If an individual asset is increased could be caused by an increase of a specific liability; the decrease in another asset or the increase of incomes. If the increment is caused by a stockholder's contributions the account would be increased.
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