Give an example of business transactions that would: (a). Cause one asset to increase and another asset

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Give an example of business transactions that would:
(a). Cause one asset to increase and another asset to decrease, with no effect on either liabilities or owners’ equity.
(b). Cause both total assets and liabilities to increase with no effect on owners’ equity.

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Financial and Managerial Accounting the basis for business decisions

ISBN: 978-0078111044

16th edition

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

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