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Imagine initially assets and liabilities are both equal to $1,000. Now assets increase by $500. Which of the following are possible outcomes of this scenario,
Imagine initially assets and liabilities are both equal to $1,000. Now assets increase by $500. Which of the following are possible outcomes of this scenario, holding all other components fixed? (check all that apply)
A. Liabilities and Shareholders' Equity both increase by $500
B. Noncash Assets decrease by $500
C. Liabilities increase by $500
D.Contributed Capital increases by $500
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