Question
Q4. If company ABC does a transaction which results in a $12,000 decrease in total liabilities and total assets and no change on equity, this
Q4. If company ABC does a transaction which results in a $12,000 decrease in total liabilities and total assets and no change on equity, this transaction could have been__________________? If the company engages in another transaction of $5000 which causes asset to decrease, another asset to increase, liability to increase and no change on equity, this transaction could have been __?
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
15th Edition
978-1337398169
