Match Each Transaction with Its Effect on the Accounting Equation

question 225

Multiple Choice

Match each transaction with its effect on the accounting equation. Each letter may be used more than once.
-Contribution of land by stockholder

• A)Increase assets, increase liabilities
• B)Increase liabilities, decrease stockholders' equity
• C)Increase assets, increase stockholders' equity
• D)No effect
• E)Decrease assets, decrease liabilities
• F)Decrease assets, decrease stockholders' equity

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