C-02-Q133mediumsingle_mcq
What is the effect of Sagor Electronics' free distribution of electrical wires on the accounting equation?
What is the effect of Sagor Electronics' free distribution of electrical wires on the accounting equation?
- aAsset (wires) increases, owner's equity increases
- bOwner's equity (advertisement expense) decreases, purchase decreases (offset)
- cAsset increases, liability decreases
- dLiability decreases, owner's equity increases