If a business received $2,000.00 from sales, this would ____. a. increase assets and increase owner's equity b. increase assets and decrease liabilities c. increase liabilities and decrease owner's equity d. decrease assets and decrease owner's equity Answer the question and explain why did you pick this answer
If a business received $2,000.00 from sales, this would ____. a. increase assets and increase owner's equity b. increase assets and decrease liabilities c. increase liabilities and decrease owner's equity d. decrease assets and decrease owner's equity Answer the question and explain why did you pick this answer
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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If a business received $2,000.00 from sales, this would ____.
a. increase assets and increase owner's equity
b. increase assets and decrease liabilities
c. increase liabilities and decrease owner's equity
d. decrease assets and decrease owner's equity
Answer the question and explain why did you pick this answer
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