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Ahat [919]
2 years ago
7

All transactions ______. (Select all that apply.) Multiple select question. have at least two effects on the accounting equation

affect assets, liabilities, and/or stockholders' equity must affect assets must affect both assets and liabilities must affect both assets and stockholders' equity
Business
1 answer:
lys-0071 [83]2 years ago
5 0

All transactions b. affect assets, liabilities, and/or stockholders' equity, and d. must affect both assets and stockholders' equity.

<h3>What is the accounting equation?</h3>

The accounting equation shows that assets are equal to liabilities and equity.

The implication of the accounting equation is that every transaction has at least two effects on the elements of financial statements, given their linkages.

Thus, the correct options are Options B. and D.

Learn more about the accounting equation at brainly.com/question/24401217

#SPJ1

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The correct answer is option B.

Explanation:

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The accounting profit involves only explicit costs. While economic profit includes both explicit as well as implicit cost.

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