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The Following Entry Was Recorded in the Books of Brighty

question 30

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The following entry was recorded in the books of Brighty Company. The following entry was recorded in the books of Brighty Company.   ​ What is the impact of this entry on the accounting equation? A)  an increase in Assets and an increase in Equity B)  an increase in Assets and an increase in Liabilities C)  a decrease in Assets and a decrease in Liabilities D)  a decrease in Assets and a decrease in Equity ​ What is the impact of this entry on the accounting equation?


Definitions:

Light Colored

Referring to materials or objects that have low absorption of light, typically reflecting most wavelengths of light visible to human eyes.

Transparent

A material's ability to allow light to pass through it so that objects behind can be distinctly seen.

Hardness

A measure of how resistant a material is to deformation, scratching, or penetration.

Fractures

Breaks or cracks in rock or bone, often resulting from stress or impact.

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