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What are the effects on the accounting equation from the purchase of a short-term investment? No effects--assets increase and decrease by the same amount. Assets
What are the effects on the accounting equation from the purchase of a short-term investment?
| No effects--assets increase and decrease by the same amount. |
| Assets and liabilities decrease. |
| Assets and stockholders' equity decrease. |
| Stockholders' equity decreases and liabilities increase. |
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The Basics Of Quality Auditing
Authors: Ronald Blank
1st Edition
1138438863, 9781138438866
