Identify the transaction that will result in decrease in owner’s equity and increase in liabilities.

Question

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NA

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Issue of bonus shares

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Shares issued in payment of bills payable

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Shares issued for purchase of land and building

TuteeHUB · Answer

None of the above

1.	Identify the transaction that will result in decrease in owner’s equity and increase in liabilities.
A.	Issue of bonus shares
B.	Shares issued in payment of bills payable
C.	Shares issued for purchase of land and building
D.	None of the above
Answer» E.

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