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6. Assume that the seller owes $80,000 on a loan for the land. After receiving the $323,000 cash from question 6 , the seller pays

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6. Assume that the seller owes $80,000 on a loan for the land. After receiving the $323,000 cash from question 6 , the seller pays the $80,000 owed. What is the effect of the payment on the total amount of the seller's a. Assets? b. Liabilities? c. Stockholders' equity

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