Which of the following transactions resulted no change in the total asset amount

Question

Which of the following transactions resulted no change in the total asset amount? Purchased computer equipment for $10,000 with cash. Paid accounts payable for $10,000 Sold merchandise for cash totalling $10,000. OPaid dividends totalling $10,000 a and d are correct Incorrect Question 15 0/1 pts In the company's records, the collection of a payment from one of its customers (accounts receivable) would: increase assets not have an effect on total assets increase assets and decrease liabilities : 28

Explanation / Answer

Question 15: (b) not have an effect on total assets.

The collection of a payment from one of its customers (accounts receivable) would have no effect on total assets. On one hand, it would result in increase in cash and on the other hand, it would decrease the accounts receivable. So the net effect on total assets would be zero.

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