Question: If a $ 1 5 , 0 0 0 purchase of equipment for cash is incorrectly recorded as an increase to equipment and as an

If a $15,000 purchase of equipment for cash is incorrectly recorded as an increase to
equipment and as an increase to cash, at the end of the period assets will:
a. exceed liabilities and stockholders' equity by $15,000.
b. equal liabilities and stockholders' equity.
c. exceed liabilities and stockholders' equity by $30,000.
d. exceed liabilities and stockholders' equity by $40,000.
If a $15,000 purchase of equipment for cash is incorrectly recorded

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