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Business, 19.03.2020 17:30 phil820

Company X paid Company Y for services to be performed in the following year. What effect would transaction have on Company Y’s balance sheet? a. Assets Increase; Assets Decrease b. Assets Increase; Shareholders’ Equity Increase c. Assets Increase; Liabilities Increase d. Liabilities Increase; Shareholders’ Equity Increase

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Company X paid Company Y for services to be performed in the following year. What effect would trans...
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