Question: Marina Company performed services on account for $160,000. This transaction will O A. increase assets and increase equity by $160,000. OB. increase assets and

Marina Company performed services on account for $160,000. This transaction will O

Marina Company performed services on account for $160,000. This transaction will O A. increase assets and increase equity by $160,000. OB. increase assets and increase liabilities by $160,000. O C. increases dividend and decreases equity O D. have no effect on the accounting equation. O E. increase liabilities and decrease equity by $160,000.

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