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Which of transactions would cause total assets to increase

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Reference no: EM133009722

Problem 1: Which of the following sets of equations are accurate versions of the basic accounting (Assists=Liabilities=Owners Equity or. A=L+OE.)

a) OE=L-A, L=A-OE, 0=A-OE.
b) OE=A-L,L?L=A-OE,A-L-OE=0
c) A=OE+L,L=A-LOE.
d) A=OE+L,L=OE-A,A-L-OE=0

Problem 2: which of the following transactions would cause total assets to increase by $10 000?

a) paying a $10,000 liability
b) collecting a $10,000 account receivable
B) purchasing $10,000 worth of office furniture on account.
d) Producing an automobile for $10,000 cash.

Reference no: EM133009722

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