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Dominic and Morgan are partners. Dominic has a capital balance of $360,000 and Morgan has a capital balance of $265,000. Morgan sells $125,000 of his

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Dominic and Morgan are partners. Dominic has a capital balance of $360,000 and Morgan has a capital balance of $265,000. Morgan sells $125,000 of his ownership to Lance. Which of the following is true of the items in balance sheet? Assets will decrease by $125,000. Assets will increase by $125,000. The total equity decreases by $125,000. The total equity remains unchanged

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