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Daemon Company paid cash to purchase land. Which of the following shows how this event will affect the company s accounting equation? The letters NA

Daemon Company paid cash to purchase land. Which of the following shows how this event will affect the companys accounting equation? The letters NA indicate that the component of the equation is not affected. Assets = Liabilities + Common Stock + Retained Earnings A.+=++ NA + NA B.+= NA + NA + NA C.+= NA +++ NA D.= NA ++ NA

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