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Please help me Ingrid Ltd. and Bulgar Equipment Rentals company sign a contract to rent equipment in the next two years. What is the impact

Please help me

Ingrid Ltd. and Bulgar Equipment Rentals company sign a contract to rent equipment in the next two years. What is the impact on the accounting equation?

Owner's equity increases and assets decrease.

Assets decrease and liabilities decrease.

No impact on the accounting equation.

Assets increase and liabilities increase.

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