Kelly Financial Services, Inc. invested $33,000 to acquire 7,250 shares of Mitt Investments, Inc. on...
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Kelly Financial Services, Inc. invested $33,000 to acquire 7,250 shares of Mitt Investments, Inc. on March 15, 2013. This investment represents less than 20% of the investee's voting stock. On May 7, 2017, Kelly Financial Services, Inc. sells 2,750 shares for $12,250. In the accounting equation on May 7, 2017, ________. Group of answer choices
total assets will remain unchanged
total assets will decrease
total liabilities will decrease
total equity will decrease
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