A corporation purchased factory equipment using cash Which of the following statements regarding this purchase is correct The cost of the factory equipment is an expense at the time of purchase The total assets will not change The total liabilities will increase The current stockholders' equity will decrease

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A corporation purchased factory equipment using cash. Which of the following statements regarding this purchase is correct? The cost of the factory equipment is an

A corporation purchased factory equipment using cash. Which of the following statements regarding this purchase is correct?

		The cost of the factory equipment is an expense at the time of purchase.
		The total assets will not change.
		The total liabilities will increase.
		The current stockholders' equity will decrease.

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