MCQOPTIONS
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| 1. |
Which of the following transactions would cause a change in ―owners‘ equity‖? |
| A. | Repayment of a Bank Loan |
| B. | Payment of Dividends and Unprofitable Operations |
| C. | Sale of Land on Credit |
| D. | Purchase of Assets and incurrence of Liabilities |
| Answer» C. Sale of Land on Credit | |