Determine the effect on the balance sheet after the following transaction. Place an x by decreases or increases and then fill in the amounts. You sell a product purchased for $750 for $1,500.

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asked Mar 28, 2018 206k views

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Determine the effect on the balance sheet after the following transaction. Place an x by decreases or increases and then fill in the amounts. You sell a product purchased for $750 for $1,500.

Mathematics
high-school

DanMan asked

by DanMan

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You doubled the investment in the product. You sold it for twice what you bought it for. So it increased by $750

Ambit answered Apr 3, 2018

by Ambit

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