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Poilcuestuitifo A company purchases $500,000 of equipment. They pay $300,000 in cash and agree to pay the remaining $200,000 in 14 days. What is the

Poilcuestuitifo A company purchases $500,000 of equipment. They pay $300,000 in cash and agree to pay the remaining $200,000 in 14 days. What is the affect on equity? 1. Increases Equity 2. Decreases Equity. 3. No Affect on Equity

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