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A company transfers $10 000 from the retained earnings account to a general reserve account. The effect of this transfer on the company's balance sheet

A company transfers $10 000 from the retained earnings account to a general reserve account. The effect of this transfer on the company's balance sheet is:

total shareholders' equity will decrease.

total shareholders' equity remains unchanged.

total shareholders' equity will increase.

total shareholders' equity will decrease and assets will decrease.

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