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Simple MCQ question from Financial Accounting. Please solve it ASAP!!! QUESTION 37 Which of the following transactions would cause an increase in both assets and
Simple MCQ question from Financial Accounting. Please solve it ASAP!!!
QUESTION 37 Which of the following transactions would cause an increase in both assets and owners' equity? Sale of land for a price equal to its cost. Investment of cash in the business by an owner w Borrowing money from a bank Sale of land for a price less than its cost. QUESTION 38 Which of the following would be classified as a long-term operational asset? Notes Receivable Accounts Receivable Inventory O Trademark QUESTION 39 Which of the following would be classified as a tangible asset? O Trademark O Copyright W O Goodwill O Land Step by Step Solution
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