Which of the following could represent the effects of an asset exchange transaction on a company's financial statements? $$\begin{array} { | l | l | l | l | l | l | l | l | l | l | l |}
\hline \text { Assets } & = & \text { Liab. } & + & \text { Equity } & \text { Rev. } & - & \text { Exp. } & = & \text { Net Inc. } & \text { Cash Flow } \
\hline
\end{array}$$
D) $$\text { None of these could represent the effects of an asset exchange transaction. }$$

Question

Which of the following could represent the effects of an asset exchange transaction on a company's financial statements? $$\begin{array} { | l | l | l | l | l | l | l | l | l | l | l |} 
\hline \text { Assets } & = & \text { Liab. } & + & \text { Equity } & \text { Rev. } & - & \text { Exp. } & = & \text { Net Inc. } & \text { Cash Flow } \
\hline
\end{array}$$
D) $$\text { None of these could represent the effects of an asset exchange transaction. }$$

Quizplus · Accepted Answer

The Answer of Which of the following could represent the effects of an asset exchange transaction on a company's financial statements? $$\begin{array} { | l | l | l | l | l | l | l | l | l | l | l |} 
\hline \text { Assets } & = & \text { Liab. } & + & \text { Equity } & \text { Rev. } & - & \text { Exp. } & = & \text { Net Inc. } & \text { Cash Flow } \
\hline
\end{array}$$
D) $$\text { None of these could represent the effects of an asset exchange transaction. }$$

Which of the Following Could Represent the Effects of an Asset