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How does an increase in the fair market value of an asset affect the financial statements? increases assets increases liabilities no effect increases retained earnings
How does an increase in the fair market value of an asset affect the financial statements?
increases assets
increases liabilities
no effect
increases retained earnings
increases stockholders' equity
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Introduction To Managerial Accounting
Authors: Peter Brewer, Ray Garrison, Eric Noreen
9th Edition
1265672008, 978-1265672003
