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Holding assets constant, when debt decreases Net income increases and Stockholders' equity declines Net income and Stockholders' equity decline Net income declines and Stockholders' equity

Holding assets constant, when debt decreases

Net income increases and Stockholders' equity declines

Net income and Stockholders' equity decline

Net income declines and Stockholders' equity increases

Cannot be determined from the information provided

Net income and Stockholders' equity increase

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