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Home Q & A Board Other Fields Homework Help Business Accounting
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gOOvER gOOvER
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6 years ago
A business acquires a parcel of land by issuing a note payable for $50,000. This transaction causes:
A) total assets to increase.
B) owner's equity to increase.
C) assets to increase and equity to increase.
D) liabilities to decrease.
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Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
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migrodmigrod
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6 years ago
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gOOvER Author
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5 years ago
Your help has been outstanding, keep it up!
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