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This Question: 214 of 15 (O complete)z: 20 pt. Dominic and Morgan are partners. Dominic has a capital balance of $360,000 and Morgan has a
This Question: 214 of 15 (O complete)z: 20 pt. Dominic and Morgan are partners. Dominic has a capital balance of $360,000 and Morgan has a capital balance of $225,000. Morgan sells $125,000 of his ownership to Lance. Which of the following is true of the items in the balance sheet? O A. The total equity decreases by $125,000. O B. The total equity remains unchanged. O C. Assets will decrease by $125,000. O D. Assets will increase by $125,000
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