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On November 18th, the Matisse Co. received $70,000 toward the purchase of production equipment that will be delivered the following January 10th. Assume the year-end

On November 18th, the Matisse Co. received $70,000 toward the purchase of production equipment that will be delivered the following January 10th. Assume the year-end is December 31st. The journal entry the Matisse Co. will prepare on November 18th will: Question 8 options: a) Increase total assets and increase total stockholders' equity. b) Increase total liabilities and decrease total stockholders' equity. c) Increase total assets and increase total liabilities. d) not impact total assets, total liabilities or total equity

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