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11) Liam's Sporting Goods buys $35,000 of equipment on credit. Which of the following is a TRUE statement? A) Total assets increase. B) Total assets

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11) Liam's Sporting Goods buys $35,000 of equipment on credit. Which of the following is a TRUE statement? A) Total assets increase. B) Total assets are unchanged. C) Total liabilities are unchanged. D) Total liabilities decrease

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