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Previous Page Next Page Page 21 of 28 Question 21 (3 points) Assume a company obtains a 5-year bank loan to purchase a piece of

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Previous Page Next Page Page 21 of 28 Question 21 (3 points) Assume a company obtains a 5-year bank loan to purchase a piece of new production equipment (a fixed asset). After the equipment is purchased, but before it has any impact on production volume, sales, or operating expenses, what is the impact on Total Current Assets? No Change Decrease Cannot Be Determined Increase

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