Question: Question 8 ( 2 . 5 points ) Purchasing office equipment on account has what impact on the accounting equation? Shareholders' equity decreases and assets

Question 8(2.5 points)
Purchasing office equipment on account has what impact on the accounting
equation?
Shareholders' equity decreases and assets increase
Liabilities increase and assets increase
Assets decrease and liabilities decrease
Assets increase and shareholders' equity increases
Question 8(2.5 points) Purchasing office equipment on account has what impact

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