Multiple Choice
An individual person starting a business made an investment of a building, which is valued at $200,000 with an $180,000 outstanding mortgage payable.
The effect of this transaction on the accounting equation of the business would be to:
A) Increase assets by $20,000
B) Increase assets by $180,000
C) Increase stockholders' equity by $20,000
D) Increase stockholders' equity by $200,000
Correct Answer:
Verified
Correct Answer:
Verified
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