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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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7 years ago
Star Homes Corporation just recorded a transaction in its books. If this transaction increased the total liabilities by $12,000, then ________.
A) both assets and equity must each decrease by $6,000
B) either assets or equity must decrease by $12,000
C) assets must decrease by $12,000
D) assets must increase, or equity must decrease by $12,000
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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7 years ago
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H3Ko Author
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#2
7 years ago
Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.
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