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densk [106]
2 years ago
5

Determine the effect on the balance sheet after the following transaction.

Mathematics
2 answers:
Maslowich2 years ago
3 0
The transaction of this is
Cash. Increase by 750
sweet-ann [11.9K]2 years ago
3 0

Answer:

C. Owners equity increases by $750

Step-by-step explanation:

We are given that,

<em>The product is sold for $1500 which was purchased for $750.</em>

Since, 'Owner's equity is the difference of the assets and liabilities'.

As, the cost of the product (asset) = $750 and the selling price of the product (liabilities) = $1500

<h3>So, the difference of the price = 1500 - 750 = $750</h3>

Now, the difference being positive implies that the equity increases by $750.

Thus, the correct option is given by,

<h3>C. Owners equity increases by $750</h3>
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Use the substitution method to solve the system of equations. Choose the correct ordered pair.
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Ur gonna have to pick an equation and solve for a variable.

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Step-by-step explanation:

Concept to Know: "A number is a perfect square if and only if it has odd number of positive divisors "

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