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27) Purchasing a parcel of land for $100,000 by paying $10,000 in cash and signing a promissory note for the remainder would: A) decrease owner's
27) Purchasing a parcel of land for $100,000 by paying $10,000 in cash and signing a promissory note for the remainder would: A) decrease owner's equity by $90,000. B) increase owner's equity by $10,000. C) decrease liabilities by $90,000. D) increase total assets by $90,000
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