Solved

Mary Invested Cash in Her New Business

Question 96

Multiple Choice

Mary invested cash in her new business. What effect will this have?


A) Increase an Asset and increase a Liability
B) Decrease an Asset and increase a Liability
C) Increase an Asset and increase Owner's Equity
D) Decrease an Asset and decrease Owner's Equity

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions