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Home Q & A Board Other Fields Homework Help Business Accounting
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harra harra
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6 years ago
An owner investment of a building, valued at $200,000,  along with a $55,000 outstanding mortgage, into an entity would:
A) increase owner's equity $145,000.
B) increase total assets $55,000.
C) decrease liabilities $145,000.
D) increase owner's equity $200,000.
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
Authors:
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raovatallpyraovatallpy
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#1
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6 years ago
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harra Author
wrote...

6 years ago
Smart ... Thanks!
veronee_madison
wrote...

Yesterday
Good timing, thanks!
erimis
wrote...

2 hours ago
Thanks
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