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Misty Am I Company uses a short-term note to finance the purchase of new inventory for the holiday season. One impact on the companys accounting

  1. Misty Am I Company uses a short-term note to finance the purchase of new inventory for the holiday season.

    One impact on the companys accounting equation of this transaction will be a (n):

    decrease in owners equity

    decrease in total assets

    increase in owners equity

    increase in total liabilities

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