Lakesha Corp. purchased $2,000 of supplies on account. The supplies will be used over the next few months. This event causes
A) assets and shareholders' equity to increase by $2,000.
B) assets and shareholders' equity to decrease by $2,000.
C) assets and expenses to decrease by $2,000.
D) assets and liabilities to increase by $2,000.
Correct Answer:
Verified
Q4: The declaration of dividends
A)increases with a credit.
B)decreases
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Q12: Which of the following changes describes the
Q13: Which one of the following changes describes
Q15: An event for which an appropriate monetary
Q17: On May 31, 2009, the physical count
Q18: Which of the following changes describes the
Q19: If an event is considered to change
Q19: Which one of the following changes describes
Q20: Liabilities are $2,000, retained earnings are $1,000,
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