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A CORPORATION PAYS $20 MILLION CASH FOR A NEW OFFICE BUILDING, DECREASING ITS CASH ASSETS BY S2O MILLION. WHAT OTHER ACCOUNTING ENTRY MUST BE MADE

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A CORPORATION PAYS \$20 MILLION CASH FOR A NEW OFFICE BUILDING, DECREASING ITS CASH ASSETS BY S2O MILLION. WHAT OTHER ACCOUNTING ENTRY MUST BE MADE SO THAT THE ACCOUNTING EQUATION OF THE BALANCE SHEET REMAINS IN BALANCE? Long term liabilities must be increased by $20 million Stockholder's equity must be decreased by $20 million Long term assets must be increased by $20 million Assets increase and liabilities decrease

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