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2 out of 60 A company issues shares for 200 in cash, borrows a 5-year loan of 150, and purchases equipment with cash for 400.
2 out of 60 A company issues shares for 200 in cash, borrows a 5-year loan of 150, and purchases equipment with cash for 400. Which of the following is true? A. Cash decreases by 50; expenses increase by 400. B. Common shares do not change; PP&E increases by 400. C. Cash decreases by 50; PP&E increases by 400. D. Common shares increase by 200; current liabilities increase by 150
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Accounting Information System
Authors: James A. Hall
7th Edition
978-1439078570, 1439078572
