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Question: Using the notion that the accounting equation (Assets = Liabilities + Stockholders' Equity) must remain in balance, indicate whether each of the following transactions is possible.

a. Cash increases; Accounts Payable decreases.

b. Service Revenue increases; Salaries Payable increases.

c. Advertising Expense increases; Cash decreases.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92328212

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