The Supply Company buys $30,000 of equipment and funds the purchase through liquidating common shares that it owns.What is the impact of this transaction on the basic accounting equation?
A) There is no effect.
B) Only the left-hand side is impacted.
C) Only the right-hand side is impacted.
D) Both the right-hand side and left-hand side are impacted.
Correct Answer:
Verified
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