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Double-entry does NOT choose one Group of answer choices record events that only result in a change in assets, liabilities, or shareholders equity items. state

Double-entry does NOT choose one

Group of answer choices record events that only result in a change in assets, liabilities, or shareholders equity items.

state that every financial transaction has equal and opposite effects in only two different accounts.

state that every financial transaction has equal and opposite effects in at least two different accounts.

relate to the accounting concept whereby assets = liabilities + owners' equity.

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