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A Manufacturer of Toy's buys toy making machinery to be paid for with a short-term loan to be repaid after 6 months. What is the

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A Manufacturer of Toy's buys toy making machinery to be paid for with a short-term loan to be repaid after 6 months. What is the effect on the financial statements? a. Capital assets increase and long-term debt increases. b. Capital assets increase and current liabilities increase. C. Current assets increase and cash decreases. d. Current assets increase and current liabilities increase

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