Multiple Choice
Which of the following business transactions would increase the equity of ABC Limited?
A) ABC received a $1,200 cash payment on account from a customer.
B) ABC Limited's owner withdrew $900 cash to cover personal living expenses.
C) ABC purchased a new machine for $45,000 on account.
D) ABC billed a customer $14,800 for consulting services provided during the month.
E) ABC purchased a building for $100,000 on account.
Correct Answer:

Verified
Correct Answer:
Verified
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