Windsor, Inc. received a cash advance of $430 from a customer. As a result of this event,
a. liabilities decreased by $430.
b. equity increased by $430.
c. Both assets and equity increased by $430.
d. assets increased by $430.

Question

07-06-2024
Business

Answered

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Windsor, Inc. received a cash advance of $430 from a customer. As a result of this event,
a. liabilities decreased by $430.
b. equity increased by $430.
c. Both assets and equity increased by $430.
d. assets increased by $430.

Sagot :

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Windsor, Inc. received a cash advance of $430 from a customer. As a result of this event, a. liabilities decreased by $430. b. equity increased by $430. c. Both assets and equity increased by $430. d. assets increased by $430.

Sagot :

Other Questions

Windsor, Inc. received a cash advance of $430 from a customer. As a result of this event,
a. liabilities decreased by $430.
b. equity increased by $430.
c. Both assets and equity increased by $430.
d. assets increased by $430.