What is the impact on the accounting equation when stock is issued, in exchange for assets?A. both sides increaseB. both sides decreaseC. only the Asset side changesD. neither side changes
What is the impact on the accounting equation when stock is issued, in exchange for assets?A. both sides increaseB. both sides decreaseC. only the Asset side changesD. neither side changes
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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What is the impact on the
A. both sides increase
B. both sides decrease
C. only the Asset side changes
D. neither side changes
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