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A balance sheet lists: Question 10 options: The types and amounts of the revenues and expenses of a business. Only the information about what happened
A balance sheet lists: Question 10 options: The types and amounts of the revenues and expenses of a business. Only the information about what happened to equity during a time period. The types and amounts of assets, liabilities, and equity of a business at a point in time. The inflows and outflows of cash during the period.Billington Corp borrows $80,000 cash from U.S. Bank. How does this transaction affect the accounting equation for Billington? Question 11 options: Assets would decrease $80,000 and liabilities would decrease $80,000. Assets would decrease $80,000 and equity would increase $80,000. Assets would increase $80,000 and equity would decrease $80,000. Assets would increase $80,000 and liabilities would increase $80,000
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