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Alpha Company has assets of $622,000, liabilities of $261,000, and equity of $361,000. It buys office equipment on credit for $86,000. What would be the
Alpha Company has assets of $622,000, liabilities of $261,000, and equity of $361,000. It buys office equipment on credit for $86,000. What would be the effects of this transaction on the accounting equation? Multiple Choice O Assets increase by $86,000 and expenses increase by $86,000 O Assets Increase by $86,000 and expenses decrease by $86,000 ooooo O b ies increase by $86,000 and expenses decrease by $86,000 Assets decrease by $6.000 and expenses decrease by $96.000. Assets increase by 585.000 and scree by 536.000 A company reported total equity of $179,000 at the beginning of the year. The company reported $244.000 in revenues and $182,000 in expenses for the year. There were no stockholder investments or dividends during the year. Liabilities at the end of the year totaled $109,000. What are the total assets of the company at the end of the year? Multiple Choice S62000 O S109000 S132000 5244000 35 Alpha Company has assets of $622,000, liabilities of $261,000, and equity of $361,000. It buys office equipment on credit for $86,000. What would be the effects of this transaction on the accounting equation? Multiple Choice O Assets increase by $90,000 and expenses increase by $36.000 O Assets increase by $6.000 and expenses decrease by 500.000 O L e s increase by 586.000 and expenses crente y 506.000 Assets decrease by 586.000 and expenses decrease by 586.000 0
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