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Mr Gold Sold 100 Shares of Delia Corp

Question 49

Multiple Choice

Mr. Gold sold 100 shares of Delia Corp. to Mrs. Silver for $2,200. As a result of this transaction, Delia Corp.'s


A) shareholders' equity did not change.
B) shareholders' equity increased by $2,200.
C) shareholders' equity decreased by $2,200.
D) assets increased by $2,200.

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