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Accounting Quiz 1

24/03/2020 Client: suns Deadline: 24 Hours

(Multiple Choice)

Purchasing an item of equipment for cash will cause total assets, total liabilities, and stockholders’ equity to:

A. increase, increase, and remain unchanged, respectively.
B. remain unchanged, remain unchanged, and remain unchanged, respectively.
C. increase, remain unchanged, and increase, respectively.
D. increase, remain unchanged, and decrease, respectively.
E. None of these.
(Multiple Choice)

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