Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
harra harra
wrote...
Go to Answer
Posts: 1309
Rep: 2 0
6 years ago
Purchasing a parcel of land for $100,000 by paying $10,000 in cash and signing a promissory note for the remainder would:
A) decrease owner's equity by $90,000.
B) increase owner's equity by $10,000.
C) decrease liabilities by $90,000.
D) increase total assets by $90,000.
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
Authors:
Read 865 times
3 Replies
Replies
Answer verified by a subject expert
KryzenKryzen
wrote...
#1
Posts: 466
Rep: 34 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

wrote...
#2
3 years ago
thanks
wrote...
#3
3 years ago
thanks
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1318 People Browsing
 112 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 82
  
 318
  
 274