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If an entrepreneur starts a business with $20 000 of their own money, what is the effect in balance sheet? Select one: a.Liabilities increase; equity
If an entrepreneur starts a business with $20 000 of their own money, what is the effect in balance sheet?
Select one:
a.Liabilities increase; equity decreases.
b.Assets increase; equity increases.
c.Assets increase; liabilities increase.
d.None of the above
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