Assume that Boardmaster paid expenses totaling $38,000. How does this transaction affect Boardmasters accounting equation? a. Increases
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Assume that Boardmaster paid expenses totaling $38,000. How does this transaction affect Boardmaster’s accounting equation?
a. Increases assets and decreases liabilities
b. Increases both assets and stockholders’ equity C. Decreases both assets and stockholders’ equity
d. Decreases assets and increases liabilities
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