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When Mrs. Angela invested $50,000 to start a sole proprietorship, how would this transaction affect the fundamental accounting equation? There is an increase in assets

When Mrs. Angela invested $50,000 to start a sole proprietorship, how would this transaction affect the fundamental accounting equation?

There is an increase in assets and owner's equity but no effect on liabilities

There is an increase in assets and a decrease in owner's equity

There is a decrease in assets and an increase in owner's equity

None of the above

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