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Jeremy buys a plot of land by signing a 15-year note. How does this affect the accounting equation? Cash + NonCash Assets = Liabilities +

Jeremy buys a plot of land by signing a 15-year note.

How does this affect the accounting equation?

Cash + NonCash Assets = Liabilities + Contributed Capital + Accumulated Other Comprehensive Income + Retained Earnings

(What will decrease or increase)

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