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If a company uses $1,500 of its cash for buying Equipment, the effect on the total assets would be: Total Assets increase $3,000. 1. Total

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If a company uses $1,500 of its cash for buying Equipment, the effect on the total assets would be: Total Assets increase $3,000. 1. Total Assets increase $1,500. Total Assets decrease $1,500 3. NO change in the Total assets

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