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A group of individuals formed a new company with an investment of $500,000 The most likely effect of this transaction on the company's accounting equation
A group of individuals formed a new company with an investment of $500,000 The most likely effect of this transaction on the company's accounting equation at the time of the formation is an increase in cash and: A. an increase in revenue n increase in liabilities. C an increase in contributed capital
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Auditing And Accounting On Aix
Authors: IBM Redbooks
1st Edition
0738418501, 978-0738418506
