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A company buys property using cash. Which answer best describes how this transaction would be reflected in the balance sheet? Select one: Cash decreases and

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A company buys property using cash. Which answer best describes how this transaction would be reflected in the balance sheet? Select one: Cash decreases and property plant and equipment (PP&E) increases Cash increases and equity decreases Cash decreases and equity increases Cash increases and property plant and equipment decreases A company borrows money from a bank. Which answer best describes how this transaction would be reflected in the balance sheet? Select one: Cash decreases and debt decreases Cash increases and debt increases Cash increases and equity increases Debt increases and equity increases

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