Torina1sper4 Torina1sper4

11-04-2017
Business

contestada

How does the purchase of office equipment on account affect the accounting equation?
a. assets increase, and liabilities decrease
b. assets increase, and owner's equity increases
c. assets increase, and liabilities increase
d. liabilities increase, and owner, and owner's equity decreases

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PokeMan57 PokeMan57

17-04-2017

Answer C would be correct because it provides new assets to the corporation.

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