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A company issues common stock for $49600 and uses $37200 of the cash to purchase a truck. What is the cumulative effect of these two

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A company issues common stock for $49600 and uses $37200 of the cash to purchase a truck. What is the cumulative effect of these two transactions? assets will be unchanged. assets will be increased by $12400. equity will be reduced by $49600. assets will be increased by $49600. click if you would like to show work for this question: By accessing this Assistance, you will learn while you earn points based on the point potential Policy set by your instructor

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