Question
The questions below present you with a transaction at a hypothetical company. You need to use your understanding of the transaction and your knowledge of
The questions below present you with a transaction at a hypothetical company. You need to use your understanding of the transaction and your knowledge of the balance sheet equation (A = L + S/E) to answer how Total Assets, Total Liabilities and Total Sharholders' Equity would be affected by the transaction. In each blank, you must type either "increase", "decrease", or "no change".
The company pays $100 of cash in return for supplies that will be used in future years.
Total Assest________ Total Liabilities_______ Total ShareHolder's Equity________
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