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13- A company purchased a machine (noncurrent asset) for 300,000SR , paying cash. Prior to this transaction, the company reported total assets of 10,000,000SR ,

13- A company purchased a machine (noncurrent asset) for

300,000SR

, paying cash. Prior to this transaction, the company reported total assets of

10,000,000SR

, total equity of 6,000,000 SR and total liabilities of 4,000,000 SR. The statement of financial position will show these amounts after the machine transaction:\ a) Total assets

10,000,000

SR, total equity

6,000,000

SR and total liabilities of 4,000,000 SR.\ b) Total assets

10,300,000

SR, total equity

6,000,000

SR and total liabilities of 4,300,000 SR.\ c) Total assets

10,300,000SR

, total equity

6,300,000SR

and total liabilities of 4,000,000 SR.\ d) Total assets

9,700,000

SR, total equity

6,000,000

SR and total liabilities of

3,700,000

SR.

image text in transcribed
13- A company purchased a machine (noncurrent asset) for 300,000SR, paying cash. Prior to this transaction, the company reported total assets of 10,000,000 SR, total equity of 6,000,000 SR and total liabilities of 4,000,000 SR. The statement of financial position will show these amounts after the machine transaction: a) Total assets 10,000,000SR, total equity 6,000,000SR and total liabilities of 4,000,000SR. b) Total assets 10,300,000 SR, total equity 6,000,000 SR and total liabilities of 4,300,000 SR. c) Total assets 10,300,000 SR, total equity 6,300,000 SR and total liabilities of 4,000,000 SR. d) Total assets 9,700,000 SR, total equity 6,000,000 SR and total liabilities of 3,700,000 SR

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