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ss7ja
[257]
3 years ago
14
A purchase of a vehicle for cash would have what effect on the accounting equation
Arts
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2
answers:
emmasim
[6.3K]
3 years ago
6
0
The answer to your question is "Total asset amount remains the same"
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dangina
[55]
3 years ago
3
0
<span>It has no effect, because you are swapping one asset for another. You're increasing inventory, which is an asset, and decreasing cash, which is also an asset.</span>
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