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A transaction decreased a company's assets by $5,000 and increased other assets by $5,000 with a net effect of no change in its total
A transaction decreased a company's assets by $5,000 and increased other assets by $5,000 with a net effect of no change in its total assets. This transaction could have been a(n) purchase of supplies for on account. investment of cash into the business by the stockholders. purchase of office equipment for cash. payment of a dividend. payment of rent for the month.
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