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Purchasing supplies for cash would:

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Purchasing supplies for cash would:

Purchasing supplies for cash would:
A) decrease total assets and decrease owner's equity.
B) increase total assets and increase liabilities.
C) decrease liabilities and decrease total assets.
D) have no effect on total assets.

Textbook

Accounting, Volume 1, Canadian Edition

Edition: 9^th

Authors: Horngren, Harrison, Johnston, Meissner, Norwood

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gOOvER Author

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6 years ago

Smart ... Thanks!

wyq2651

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this is exactly what I needed

Holly72492

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Helped a lot

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