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2 . Which of the following events reduces net income and consequently also reduces stockholders equity * a . Purchasing equipment paying ten percent down
Which of the following events reduces net income and consequently also reduces stockholders equity
a Purchasing equipment paying ten percent down and signing a note for the remainder.
b Paying monthly salaries.
c Collecting money for goods to be made and delivered in the following period.
d Issuing common stock above par value.
e Two of the above.
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