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a. A vacant lot acquired for $512,500 is sold for $989,000 in cash. What is the effect of the sale on the total amount of

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a. A vacant lot acquired for $512,500 is sold for $989,000 in cash. What is the effect of the sale on the total amount of the selier's (1) assets, (2) Habisities, and ( 3 ) stocihoiders' equity? tf there is no change, select' No change' from the dropdown and then enter a " 0 " in the amount box. b. Assume that the seller owes $143,500 on a loan for the land. Ater receiving the $989,000 cash in (a), the selier pays the $143,500 owed. What is the effect of the payment on the total amount of the seller's (1) assets, (2) liabilities, and (3) stockholders' equity? If there is no change, select 'No change' from the dropdown and then enter a ' O ' in the arnount box. Consider only the payoit of the loan, without considering the sale of the land. c. Is it true that a transoction always affects ot least two elements (Assets, Liabilities, or Stockholders Equity) of the accounting equation

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