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H3Ko H3Ko
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Which of the following can be an effect of a transaction that increased an asset of a corporation for the accounting equation to balance?
A) there is an equal decrease in another asset
B) both liabilities and equity decrease
C) there is an equal decrease in a liability account
D) there is an equal decrease in equity
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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H3Ko Author
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#2
7 years ago
I just realized you had posted this! Thanks so much
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