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Howard Company had a transaction that caused a $ 5 , 0 0 0 increase in both total assets and total liabilities. This transaction could
Howard Company had a transaction that caused a $ increase in both total assets and total liabilities. This transaction could have been an
Question Select one:
a
Purchase of office equipment for $ cash.
b
Repayment of a $ bank loan.
c
Purchase of office equipment for $ paying $ cash and issuing a note payable for the balance.
d
Investment of $ cash in the business by the stockholders.
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