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Author Question: A purchase of a vehicle for cash would have what affect on the accounting equation? (Read 111 times)

nautica902

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on: Nov 10, 2019
A purchase of a vehicle for cash would have what affect on the accounting equation?
◦ Total asset amount remains the same.
◦ Total owner's equity is overstated.
◦ Total liabilities are overstated.
◦ Both A and B are correct.
College Accounting: A Practical Approach ¦ Slater, Zwicker ¦ 12th Edition
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Marked as best answer by nautica902 on Nov 10, 2019

Carissamariew

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Reply #1 on: Nov 10, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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nautica902

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Reply 2 on: Nov 10, 2019
YES! Correct, THANKS for helping me on my review

kishoreddi

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

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