Question
Marina Company performed services on account for $160,000. This transaction will O A. increase assets and increase equity by $160,000. OB. increase assets and
Marina Company performed services on account for $160,000. This transaction will O A. increase assets and increase equity by $160,000. OB. increase assets and increase liabilities by $160,000. O C. increases dividend and decreases equity O D. have no effect on the accounting equation. O E. increase liabilities and decrease equity by $160,000.
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Accounting Information Systems
Authors: George H. Bodnar, William S. Hopwood
11th Edition
0132871939, 978-0132871938
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