bharnoor4401 bharnoor4401
  • 12-08-2024
  • Business
Answered

A group of individuals formed a new company with an investment of $500,000. The most likely effect of this transaction on the company's accounting equation at the time of the formation is an increase in cash and:
A. An increase in revenue.
B. An increase in liabilities.
C. An increase in contributed capital.



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