Examlex
Which of the following statements is consistent with the concept of contingency anchor?
Decrease Liabilities
Actions or transactions that result in the reduction of obligations owed by a company, improving its financial position.
Received Cash
Funds that have been physically or digitally transferred to an entity, reflecting an increase in its liquidity.
Increase Assets
Increasing assets refers to any action or transaction that raises the total value of the assets owned by an individual or entity.
Accounting Equation
The basic principle that equates assets with the sum of liabilities and shareholders' equity, formulated as Assets = Liabilities + Equity.
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