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Buying land with a notes payable would: a. Decrease assets b. Increase liabilities c. Increase expenses d. Have a negative effect on retained earnings

Buying land with a notes payable would:

a.
Decrease assets

b.
Increase liabilities

c.
Increase expenses

d.
Have a negative effect on retained earnings

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	a.	Decrease assets
	b.	Increase liabilities
	c.	Increase expenses
	d.	Have a negative effect on retained earnings