What happens if a business makes $900 in sales?assets increase and liabilities increaseassets increase and owner's equity increasesliabilities decrease and assets decreaseassets increase and owner's equity decreases

The accounting equation is a mathematical representation of financial transactions. The accounting…

What happens if a business makes $900 in sales? O assets increase and liabilities increase O assets increase and owner's equity increases Oliabilities decrease and assets decrease assets increase and owner's equity decreases

What happens if a business makes $900 in sales? O assets increase and liabilities increase O assets increase and owner's equity increases Oliabilities decrease and assets decrease assets increase and owner's equity decreases

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 12P

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What happens if a business makes $900 in sales?
assets increase and liabilities increase
assets increase and owner's equity increases
liabilities decrease and assets decrease
assets increase and owner's equity decreases

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