Question
An entrepreneur buys office furniture to be paid for in 30 days. What is the effect on the financial statements? a) Capital assets increase and
An entrepreneur buys office furniture to be paid for in 30 days. What is the effect on the financial statements?
a) Capital assets increase and long-term debt increases.
b Capital assets increase and current liabilities increase.
c Current assets increase and cash decreases.
d Current assets increase and current liabilities increase.
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International Finance The Markets And Financial Management Of Multinational Business
Authors: Maurice D. Levi
3rd Edition
0070376875, 978-0070376878
