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Select the situation below that would cause an increase in shareholders' equity. The sale of inventory at a profit The purchase of office equipment paid
Select the situation below that would cause an increase in shareholders' equity.
The sale of inventory at a profit | ||
The purchase of office equipment paid for by issuing a note payable. | ||
Collection of an accounts receivable. | ||
The payment of a loan. | ||
The payment of a dividend. |
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