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A. Assets increase by $38,000; equity increases by $38,000. B. The amount of total assets remains the same. C. Assets and equity increase by $76,000.

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A. Assets increase by $38,000; equity increases by $38,000. B. The amount of total assets remains the same. C. Assets and equity increase by $76,000. D. Assets increase by $38,000 and liabilities decrease by $38,000

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