Question 5 of 20 50 50 points assets are equal to a

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Question 5 of 20 5.0/ 5.0 Points Assets are equal to __________. A. liabilities + owner's equity B. liabilities - owner's equity C. liabilities - revenues D. revenues - expenses
Question 6 of 20 5.0/ 5.0 Points A purchase of a vehicle for cash would have what effect on the accounting equation?
Question 7 of 20 0.0/ 5.0 Points Katie's Vegetarian Restaurant, with total assets of $90,000, borrows $15,000 from the bank. Which of the following is a true statement upon borrowing the money?
Question 8 of 20 5.0/ 5.0 Points Bonnie's Baskets purchases $4,000 worth of office equipment on account. This causes

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