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a. A vacant lot acquired for $412,500 is sold for $796,000 in cash. What is the effect of the sale on the total amount of

a. A vacant lot acquired for $412,500 is sold for $796,000 in cash. What is the effect of the sale on the total amount of the seller's (1) assets, (2) liabilities, and (3) stockholders' equity? If th 2 answers

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