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The accounting equation for Oriole Company is as follows: Assets Liabilities Stockholders' Equity $118400 = $59200 + $59200 If Oriole purchases office equipment on account
The accounting equation for Oriole Company is as follows:
| Assets | Liabilities | Stockholders' Equity | ||
| $118400 | = | $59200 | + | $59200 |
If Oriole purchases office equipment on account for $25300, the accounting equation will change to
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Auditing Theory
Authors: Ian Dennis
1st Edition
1138599700, 978-1138599703
