Accounting · Accounting Equations
Both assets and equity simultaneously increase by which of the following transactions?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Company issues shares for cash✓
- 2Company pays off a long-term loan with cash
- 3Company buys raw materials on credit
- 4Company transfers retained earnings to a legal reserve
Correct answer
Company issues shares for cash
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