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KQuestion 12 (of 19) value: 2.00 points What is the effect on the balance sheet if a company purchases equipment using cash? O No effect on total assets, Decrease totai liabilities, Increase total stockholders\' equity O Increase total assets, Increase total labilities, Increase total stockholders equity O Decrease total assets; No effect on total liabilities, Increase total stockholders equity No effect on total assets, No effect on total liabilities, No effect on total stockholders\' equity References Multiple Choice Difficulty: 2 Medium Learning

Solution

Right Answer is D

No effect on total assets, since one asset will decrease and other asset will increase in same amount.