Answer: Increase in assets and increase in liabilities.
Explanation: As we know that accounting equation is denoted as :-
Assets = capital + liabilities
where,
. Assets are the resources owned by the firm for the generation of revenue.
. Capital means the funds procured by company in the form of contribution by the owners or in the form of debt.
. Liabilities are the obligations on the company.
.
Purchase of office equipment on credit will result in increase in assets as office equipment is used for administration purposes and as it is purchased on credit it will also increase its liabilities.
Reoccurring problem because non of the other problems would make sense in this type of situation
Answer:
c
Explanation:
placing obituary in the local newspaper
Martin is likely to see credits and debits appear on the closing statement. since he is looking at his Closing Disclosure.
<h3>What is closing disclosure?</h3>
Closing disclosure is a document which gives full information about loan taken by an individual or institution.
In other words, closing disclosure provides final details about the mortgage loan you have selected.
Contents of closing disclosure are:
- Loan fees
- Interest rate
- Purchase price
- Projected payment
Learn more about closing disclosures here: brainly.com/question/4375643
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Only if your phone is an iPhone:
delete the history, that speeds up so many different parts of your phone. hold the home button and the power button down at the same time until your iphone turns off then keep holding it until it turns on again. Those are all the tips I have.
