Single business transactions impact on the balance sheet

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Reference no: EM131047876

Consider a single business transaction’s impact on the balance sheet. Which of the following could NOT possibly occur as a result of this single transaction? 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.

Reference no: EM131047876

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