If a business transaction involving the purchase of Land with cash is erroneously recorded in the books as an increase to Supplies instead of an increase to Land, what will occur: O the "books" will be out of balance and (A) will not equal (L+OE) O Supplies will be under-stated O Supplies will be over-stated Land will be over-stated

If a business transaction involving the purchase of Land with cash is erroneously recorded in the books as an increase to Supplies instead of an increase to Land, what will occur: O the "books" will be out of balance and (A) will not equal (L+OE) O Supplies will be under-stated O Supplies will be over-stated Land will be over-stated

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter16: Statement Of Cash Flows

Section: Chapter Questions

Problem 5MC: Which of these transactions would be part of the operating section? A. land purchased, with note...

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