Question
The purchase of land for cash would_______. A. increase total assets B. decreaseshareholders' equity C. increase the total debits on the trial balance D. not
The purchase of land for cash would_______.
A.
increase total assets
B.
decreaseshareholders' equity
C.
increase the total debits on the trial balance
D.
not affect the total of debits or credits on the trial balance
why is the answer D? I understand why it is not A but B, C and D I dont get why
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Corporate Financial Accounting
Authors: Carl S Warren, Jeff Jones
16th Edition
0357510380, 978-0357510384
