can you give me an example transactions that decrease a liability and increase equity. Thanks
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Hi, can you give me an example transactions that decrease a liability and increase equity. Thanks
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- fast pls 1.what do you mean by Accountancy? 2. Classification of asset? 3.what do you mean by goodwill? 4.what is bad debt? 5.who is the creditor?5. BAC Co. and YXZ Co. are identical firms in all respects except for their capital structure. BAC is all equity financed with $800,000 in stock. YXZ uses both stock and perpetual debt; its stock is worth $400,000 and the interest rate on its debt is 10 percent. Both firms expect EBIT to be $95,000. Ignore taxes.Answer the situation. Compute for interest. Show your Complete Solution. I already provided the answer I just need the Solution and explanation. Answer: Bank A because it will yield less interest than bank B.