Country Homes Company just recorded a transaction in its books. If this transaction increased the...
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Accounting
Country Homes Company just recorded a transaction in its books. If this transaction increased the total liabilities by $12,000, then A) assets must increase, or equity must decrease by $12,000 B) either assets or equity must decrease by $12,000 C) both assets and equity must each decrease by $6,000 D) assets must decrease by $12,000
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