Which of the following would usually NOT happen in a single transaction?
A) Increase assets, decrease liabilities
B) Increase assets, increase liabilities
C) Increase liabilities, decrease owners' equity
D) Decrease assets, decrease owners' equity
Correct Answer:
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Q1: Which of the following is NOT a
Q2: Which of the following is NOT an
Q3: If a company purchased a building with
Q5: Liability accounts are increased
A) By debits
B) By
Q6: If a company purchased equipment by borrowing
Q7: The purchase of supplies with cash would
Q8: Which of the following is NOT a
Q9: If a company issues stock for cash,
Q10: Which of the following steps is normally
Q11: Business documents are used as records of
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