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12. A company initially has $30,000 of assets, $15,000 of liabilities, and $15,000 of owner's equity. They sold goods for $15,000 in cash and the
12. A company initially has $30,000 of assets, $15,000 of liabilities, and $15,000 of owner's equity. They sold goods for $15,000 in cash and the goods cost $5,000. What happens in the accounting equation? Assets Owner's Equity Liabilities
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Financial and managerial accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
1st edition
978-1118016114
