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CPA Service Company received $200,000 cash from partners (owners), paid off accounts payable of $65,000, and paid auditor salaries of $105,000. What net effect do
CPA Service Company received $200,000 cash from partners (owners), paid off accounts payable of $65,000, and paid auditor salaries of $105,000. What net effect do these effect have on shareholders' equity?
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The net effect on shareholders equity is an increase of 30000 Heres a br...
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Accounting concepts and applications
Authors: Albrecht Stice, Stice Swain
11th Edition
978-0538750196, 538745487, 538750197, 978-0538745482
