Statements regarding cash transactions

Assignment Help Financial Accounting

Reference no: EM131264146

Which of the following statements regarding cash transactions is true?

A) Purchasing land for cash results in no net change in assets.

B) Expense transactions increase assets

C) Purchasing land for cash results in no net change in assets and issuance of stock to owners increases assets

D) Issuance of stock to owners increases assets.

Reference no: EM131264146

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