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Mercy,IncPurchased Equipment for $5,000 Cash

Question 122

Multiple Choice

Mercy,Inc.purchased equipment for $5,000 cash.The effect of this transaction on the accounting equation is:

A) Total shareholders' equity Mercy,Inc.purchased equipment for $5,000 cash.The effect of this transaction on the accounting equation is: A) Total shareholders' equity B) Total shareholders' equity C) Total shareholders' equity D) Total shareholders' equity
B) Total shareholders' equity
C) Total shareholders' equity
D) Total shareholders' equity Mercy,Inc.purchased equipment for $5,000 cash.The effect of this transaction on the accounting equation is: A) Total shareholders' equity B) Total shareholders' equity C) Total shareholders' equity D) Total shareholders' equity