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If a company uses $3,000 of its cash for purchasing a laptop, the effect on the accounting equation would be: Assets decrease $3,000 and equity
If a company uses $3,000 of its cash for purchasing a laptop, the effect on the accounting equation would be: Assets decrease $3,000 and equity decreases $3,000. CA Assets increase $3,000 and equity decrease $3,000. B. Assets increase $3,000 and liabilities increase $3,000. c. One asset increases $3,000 and another asset decreases $3,000 D
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