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At the beginning of the year, Acme Corp.'s balance sheet had the following totals: Assets: $100,000 Stockholders' Equity_ $100,000 The company had two transactions: (1)

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At the beginning of the year, Acme Corp.'s balance sheet had the following totals: Assets: $100,000 Stockholders' Equity_ $100,000 The company had two transactions: (1) Purchased equipment by issuing a note payable to the vendor for $5,000; (2) Purchased a building for $40,000 cash. After these two transactions are recorded, which of the following statements are true? [Select all that apply] Total Assets =$105,000 Total Assets =$145,000 Total Liabilities =$35,000 Total liabilities =$5,000 Total Stockholders' Equity =$100,000 Total Stockholders' Equity =$55,000 Total Stockholders' Equity =$60,000

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