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Author Question: Glacier's Glass Company buys a new truck for the business using cash. The effect on the accounting ... (Read 50 times)

P68T

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Glacier's Glass Company buys a new truck for the business using cash. The effect on the accounting equation is to:
◦ no effect.
◦ shift liabilities to stockholders' equity.
◦ increase assets and decrease liabilities.
◦ decrease assets.


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Marked as best answer by P68T on Feb 18, 2020

Brenm

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P68T

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Reply 2 on: Feb 18, 2020
Wow, this really help


LVPMS

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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