Which of the following would not describe the effects of an asset source transaction on the accounting equation?
$$\begin{array} { | l | c | l | c | c | c | c | c | }
\hline & \text { Assets } & = & \text { Linbilities } & + & \begin{array} { c }
\text { Corrunon } \
\text { Strek }
\end{array} & + & \begin{array} { c }
\text { Retained } \
\text { Earnings }
\end{array} \
\hline \text { A } & + & = & + & + & \text { NA } & + & \text { NA } \
\hline \text { B. } & + & = & \text { NA } & + & \text { NA } & + & + \
\hline \text { C. } & + & = & \text { NA } & + & + & + & \text { NA } \
\hline \text { D. } & + - & = & \text { NA } & + & \text { NA } & + & \text { NA } \
\hline
\end{array}$$

Question

Which of the following would not describe the effects of an asset source transaction on the accounting equation?
$$\begin{array} { | l | c | l | c | c | c | c | c | } 
\hline & \text { Assets } & = & \text { Linbilities } & + & \begin{array} { c } 
\text { Corrunon } \
\text { Strek }
\end{array} & + & \begin{array} { c } 
\text { Retained } \
\text { Earnings }
\end{array} \
\hline \text { A } & + & = & + & + & \text { NA } & + & \text { NA } \
\hline \text { B. } & + & = & \text { NA } & + & \text { NA } & + & + \
\hline \text { C. } & + & = & \text { NA } & + & + & + & \text { NA } \
\hline \text { D. } & + - & = & \text { NA } & + & \text { NA } & + & \text { NA } \
\hline
\end{array}$$

Quizplus · Accepted Answer

An asset source transaction increases assets and either liabilities or equity, but option D shows a decrease in assets, which is incorrect for an asset source transaction.

Which of the Following Would Not Describe the Effects of an Asset