Question: Question 3 4 If owners contribute $ 5 0 , 0 0 0 to start a new business what is the effect on the accounting

Question 34
If owners contribute $50,000 to start a new business what is the effect on the accounting equation?
Assets increase $50,000; liabilities increase $50,000; no effect on equity.
Assets increase $50,000; no effect on liabilities; equity increases $50,000.
Assets decrease $50,000; liabilities decrease $50,000; no effect on equity.
Assets decrease $50,000; no effect on liabilities; equity decreases $50,000.
Question 34 If owners contribute $50,000 to start a new business

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