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Which of the following could represent the effects of an asset exchange transaction on a company's financial statements? Assets = Liab. + Equity Rev. Exp.
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Which of the following could represent the effects of an asset exchange transaction on a company's financial statements?
Assets = Liab. + Equity Rev. Exp. = Net Inc. Cash Flow A. + = NA + NA NA NA = NA IA B. + = + + NA NA + = + NA C. = NA + NA NA = NA OA D. None of these could represent the effects of an asset exchange transaction.
Option A
Option B
Option C
Option D
Which of the following could represent the effects of an asset exchange transaction on a company's financial statements?
| Assets | = | Liab. | + | Equity | Rev. | Exp. | = | Net Inc. | Cash Flow | ||
| A. | + | = | NA | + | NA | NA | NA | = | NA | IA | |
| B. | + | = | + | + | NA | NA | + | = | + | NA | |
| C. | = | NA | + | NA | NA | = | NA | OA | |||
| D. | None of these could represent the effects of an asset exchange transaction. | ||||||||||
| Option A | ||
| Option B | ||
| Option C | ||
| Option D
|
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Research Methods In Accounting
Authors: Malcolm Smith
5th Edition
1526490676, 978-1526490674
