World minuswide Financial Services, Inc. invested $27,000 to acquire 5,000 shares of Dawn Investments, Inc. on March
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World minus−wide Financial Services, Inc. invested $27,000 to acquire 5,000 shares of Dawn Investments, Inc. on March 15, 2016. This investment represents less than 20% of the investee's voting stock. On May 7, 2019, World−wide Financial Services, Inc. sells 2,750 shares for $14,250. In the accounting equation on May 7, 2019, ________.
A. total assets will increase
B. total assets will remain unchanged
C. total equity will decrease
D. total liabilities will decrease
Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0134141084
11th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
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