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What is the impact on the accounting equation when stock is issued, in exchange for assets? both sides increase both sides decrease only the Asset
- What is the impact on the accounting equation when stock is issued, in exchange for assets?
both sides increase
both sides decrease
only the Asset side changes
neither side changes
- What is the impact on the accounting equation when a current months utility expense is paid?
Group of answer choices
both sides decrease
both sides increase
only the Asset side changes
neither side changes
- Which of the following accounts will normally have a debit balance?
Supplies
Common Stock
Fees Earned
Accounts Payable
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