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  3. . country homes company just recorded a transactio

. Country Homes Company just recorded a transaction in its books. If this transaction increased...

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Question

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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