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Answer #14 and #15. QUESTION 14 Druganaut Company buys a $21,000 van on credit. The transaction will affect the A. income statement only. B. balance

Answer #14 and #15.

QUESTION 14 Druganaut Company buys a $21,000 van on credit. The transaction will affect the A. income statement only. B. balance sheet only. O C. income statement and owner's equity statement only D. income statement, owners equity statement, and balance sheet QUESTION 15 The fair value principle is applied for OA all assets B. current assets. C. buildings D. investment securities

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