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majestico majestico
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7 years ago
A purchase of a vehicle for cash would have what effect on the accounting equation?
A) Total liabilities are overstated.
B) Total asset amount remains the same.
C) Total owner's equity is overstated.
D) Both A and B are correct.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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OmpaOmpa
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7 years ago
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majestico Author
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7 years ago
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kobbhy
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lipop
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2 hours ago
Correct Slight Smile TY
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