Which of the Following Transactions Would Cause an Increase in Both

question 74

Multiple Choice

Which of the following transactions would cause an increase in both assets and owners' equity?

• A)Investment of cash in the business by the owner.
• B)Sale of land for a price less than its cost.
• C)Borrowing money from a bank.
• D)Sale of land for cash at a price equal to its cost.

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