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A transaction caused a $200,000 increase in both assets and total liabilities. This transaction could have been: Select one: A. Purchase of office equipment for
A transaction caused a $200,000 increase in both assets and total liabilities. This transaction could have been:
Select one:
A. Purchase of office equipment for $240,000, paying $40,000 cash and issuing a note payable for the balance
B. Purchase for office equipment for $200,000 cash
C. Investment of $200,000 cash in the business by the owner
D. Repayment of a $200,000 bank loan
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