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Land, originally purchased for $28,139, is sold for $76,454 in cash. What is the effect of the sale on the accounting equation? a. assets increase

Land, originally purchased for $28,139, is sold for $76,454 in cash. What is the effect of the sale on the accounting equation? a. assets increase by $76,454; liabilities decrease by $28,139; stockholders' equity increases by $48,315

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