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16 November, 17:01

Mary invested cash in her new business. which effect will this have?

a. increase an asset; increase a liability

b. decrease an asset; increase a liability

c. increase an asset; increase owner s equity

d. increase an asset; decrease owner s equity

a. can continue indefinitely.

b. is owned by stockholders.

c. has limited risk to stockholders.

d. all of the above

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Answers (1)
  1. 16 November, 19:49
    0
    Either A or C would be right, because it couldn't be a decrease of the equity.
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