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If a company issues common stock for $25,000, and uses $20,000 of the cash to purchase a truck, which of the following will occur? a)assets
If a company issues common stock for $25,000, and uses $20,000 of the cash to purchase a truck, which of the following will occur? a)assets will be increased by $5,000 b)equity will be reduced by $25,000 c)assets will be increased by $25,000 d)assets will be unchanged
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