Which of the following transactions would have an impact on cash? a. Signing a new office lease
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Question:
Which of the following transactions would have an impact on cash?
a. Signing a new office lease
b. Hiring an employee
c. Purchasing inventory on credit
d. Receiving a loan from a bank
16. When shareholders invest cash in a new business, what happens to the accounting equation?
a. Both assets and equity increase
b. Equity increases while liabilities decrease
c. Both assets and liabilities increase
d. Nothing
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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