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Business, 21.01.2020 19:31 Camill0310

Kay company recorded a transaction that had the following effects on its financial statements.

balance sheet
assets = liab. + equity
βˆ’ + na na

which of the following types of transactions could have caused these effects?
a. an asset source transaction.
b. an asset use transaction.
c. an asset exchange transaction.
d. none of the answers describes a transaction that could have caused these effects.

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Answers: 1

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Kay company recorded a transaction that had the following effects on its financial statements.
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