Financial Accounting
Financial Accounting
17th Edition
ISBN: 9781259692390
Author: Jan Williams, Susan Haka, Mark S Bettner, Joseph V Carcello
Publisher: McGraw-Hill Education
Question
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Chapter 2, Problem 8DQ

8. a

To determine

Provide an example of transaction that causes one asset to increase and another asset to decrease, with no effect on either liabilities or owners’ equity.

8. b

To determine

Provide an example of transaction that causes both total assets and liabilities to increase with no effect on owners’ equity.

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