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Lamar Company purchased land for $22.000 with cash Which of the following is true of the effect of the purchase of land on the accounting
Lamar Company purchased land for $22.000 with cash Which of the following is true of the effect of the purchase of land on the accounting equation? O A Assets and equity increase by 544 000 OB Assets increase by $22,000 and liabilities decrease by $22,000 OC. Assets increase by $22,000 and equity increases by $22.000 OD. The amount of total assets remains the same
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