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Business Sim Corp. (BSC) issued 1,000 shares to Kelly in exchange for $12,000. BSC borrowed $30,000 from the bank, promising to repay it in two

Business Sim Corp. (BSC) issued 1,000 shares to Kelly in exchange for $12,000. BSC borrowed $30,000 from the bank, promising to repay it in two years. BSC paid $35,000 for computer equipment with cheq...

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