A transaction caused a ($ 15,000) decrease in both total assets and total liabilities. This transaction could

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A transaction caused a $\$ 15,000$ decrease in both total assets and total liabilities. This transaction could have been:

a. Purchase of a delivery truck for $\$ 15,000$ cash.

b. An asset with a cost of $\$ 15,000$ destroyed by fire.

c. Repayment of a $\$ 15,000$ bank loan.

d. Collection of a $\$ 15,000$ account receivable.

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Financial Accounting

ISBN: 9780077328702

15th Edition

Authors: Jan Williams, Sue Haka, Mark Bettner, Joseph Carcello

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Question Posted: May 13, 2024 06:01 AM

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A transaction caused a ($ 15,000) decrease in both total assets and total liabilities. This transaction could

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Financial Accounting

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