rosehannah460 rosehannah460

22-04-2024
Business

contestada

When a company buys equipment for $157,000 and pays for one fourth in cash and the other three fourths is financed by a note payable, which of the following are the effects on the accounting equation?

a. Total liabilities increase $157,000.
b. Total liabilities decrease $39,250.
c. Total assets increase $157,000.
d. Total assets increase $117,750.

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