And originally purchased for $30,000 is sold for $62,000 in cash. what is the effect of the sale on the accounting equation? a. assets increase by $62,000; liabilities decrease by $30,000; owner's equity increases by $32,000 b. assets increase by $32,000; owner's equity increases by $32,000 c. assets increase by $30,000; no change in liabilities; owner's equity increases by $62,000 d. assets increase by $62,000; owner's equity increases by $62,000
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At the beginning of each month, desmond receives a written statement from his bank containing all the transactions processed on his checking account for the previous month desmond compares his check register to this bank statement. this comparison is known as your account. a. confirming b. reconciling c. comparing d. finalizing
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What preforms the best over the long term? a) bonds b) mutual funds c) stocks d) certificate of deposits
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And originally purchased for $30,000 is sold for $62,000 in cash. what is the effect of the sale on...
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