Question: $ 7 0 0 Question 3 ( 2 points ) A company sells merchandise for $ 1 0 0 , 0 0 0 - this

$700
Question 3(2 points)
A company sells merchandise for $100,000- this merchandise originally cost the company $50,000. As per the "Accounting Equation" the effect on Owner's Equity of this transaction is
$0
a decrease of $50,000
an increase of $50,000
none of the listed answers are correct
$700 Question 3(2 points) A company sells merchandise for $100,000- this

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