If an individual asset is increased then
A) there must be an equal decrease in a specific liability.
B) there must be an equal decrease in owner's equity.
C) there must be an equal decrease in another asset.
D) All of these answer choices are possible.

Question

Quizplus · Accepted Answer

If an individual asset is increased, it does not necessarily mean that there must be an equal decrease in a specific liability or in owner's equity. However, it is possible that there must be an equal decrease in another asset, as assets are typically balanced against each other in accounting equations.

If an Individual Asset Is Increased Then