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content area top Part 1 A business acquires a parcel of land by issuing a note payable for $ 50 comma 000. This transaction causes:

content area top Part 1 A business acquires a parcel of land by issuing a note payable for $ 50 comma 000. This transaction causes: Question content area bottom Part 1 A. total assets to increase. B. owner's equity to increase. C. assets to increase and equity to increase. D. liabilities to decrease

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