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HiS Question: 2 pts 16 of 46 (26 complete) This Test: 100 pts possible Dominic and Morgan are partners. Dominic has a capital balance of

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HiS Question: 2 pts 16 of 46 (26 complete) This Test: 100 pts possible Dominic and Morgan are partners. Dominic has a capital balance of $330,000 and Morgan has a capital balance of $235,000 Morgan sells $85,000 of his ownership to Lance. Which of the following is true of the items in balance sheet? O A. Assets will decrease by $85,000. O B. Assets will increase by S85000 O C. The total equity decreases by $85,000 O D. The total equity remains unchanged Click to select your answer 8:39 AM

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