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5. Consider the Accounting Equation: Courtney Company purchased equipment for $1,800 cash. As a result of this event: stockholder's equity decreased by $1,800. total assets
5. Consider the Accounting Equation: Courtney Company purchased equipment for $1,800 cash. As a result of this event:
stockholder's equity decreased by $1,800. | |
total assets increased by $1,800. | |
total assets remained unchanged. | |
Both a and c. | |
Both a and b. |
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