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A company borrowed $500,000 cash from a bank and used it to purchase $500,000 of new manufacturing equipment. Which of the following items would be
A company borrowed $500,000 cash from a bank and used it to purchase $500,000 of new manufacturing equipment.
Which of the following items would be increased by the bank loan and equipment purchase transactions? (check all that apply)
Cash from Investing
Equipment
Depreciation
Total Liabilities
Cash from Financing
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