Balance Sheet Equation -Refer to Balance Sheet Equation.ORP Corporation Purchases Land $9,000 Cash

question 65

Short Answer

Balance Sheet Equation

-Refer to Balance Sheet Equation.ORP Corporation Purchases land $9,000 cash and 1000 shares of common stock values at 10 per share.This transaction results in ORP recording an decreasein cash of $9,000,an increase in non-cash assets of $ 19,000 and a increase in ______________________________ of $ $10,000

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