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1 pts Question 50 Two friends launch a new business by each investing $25,000 cash. They are given shares as evidence of their ownership interest.
1 pts Question 50 Two friends launch a new business by each investing $25,000 cash. They are given shares as evidence of their ownership interest. What effect does this transaction have on the accounting equation? O Liabilities increase and retained earnings decrease. Assets and liabilities decrease. Assets and share capital increase. Assets and liabilities increase
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