8. The accounting equation for Nibbles Enterprises is as follows: Assets $720,000 + Liabilities $360,000 Stockholders' Equity $360,000 If the company now signs a bank note payable in exchange for $90,000, the accounting equation will change to: Assets A) $720,000- B) $810,000 - C) $720,000 = D) $810,000 Liabilities $270,000 $450,000 $450,000 + $360,000 Stockholders' Equity + $450.000 $360,000 $270,000 + $450,000 9. Under the double-entry accounting system, no more than two accounts can be affected by each transaction. 10. When a firm purchases equipment for cash, both assets and stockholders' equity increase.