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Li Company paid cash to purchase land. As a result of this accounting event, which of the following statements is true? Multiple Choice Total assets
Li Company paid cash to purchase land. As a result of this accounting event, which of the following statements is true?
Multiple Choice
Total assets decreased.
Total assets were unaffected.
Total stockholders' equity decreased.
Both assets and total stockholders' equity decreased.
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Learning Sage 50 Accounting A Modular Approach
Authors: Harvey Freedman, Carol Smith Smith
16th Edition
0176741437, 978-0176741433
