What are the effects of the following types of transactions on the accounting equation? Also…


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What are the effects of the following types of transactions on the accounting equation? Also… 1 answer below ยป What are the effects of the following types of transactions on the accounting equation? Also identify the financial statements that are affected. (Assume that the perpetual inventory system is used.) a. Acquisition of cash from the issue of common stock. b. Contribution of inventory by an owner of a company. c. Purchase of inventory with cash by a company. d. Sale of inventory for cash. Jul 24 2014 07:51 AM

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