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Fordham Company purchased a truck for $11,000, paying $1,000 cash upon delivery and agreeing to pay $10,000 in six months. As a result of this

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Fordham Company purchased a truck for $11,000, paying $1,000 cash upon delivery and agreeing to pay $10,000 in six months. As a result of this transaction: Multiple Choice Assets will be increased by $10.000 O Assets will be unchanged Equity will be decreased by $10.000 Assets will be increased by $1,000 Assets will be decreased by $10,000

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