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Purchasing an item of equipment for cash will cause total assets, total liabilities, and stockholders' equity to: increase, increase, and remain unchanged, respectively. remain unchanged,
Purchasing an item of equipment for cash will cause total assets, total liabilities, and stockholders' equity to: increase, increase, and remain unchanged, respectively. remain unchanged, remain unchanged, and remain unchanged, respectively. increase, remain unchanged, and increase, respectively, increase, remain unchanged, and decrease, respectively. None of these. 
Purchasing an item of equipment for cash will cause total assets, total liabilities, and stockholders' equity to: increase, increase, and remain unchanged, respectively. remain unchanged, remain unchanged, and remain unchanged, respectively. increase, remain unchanged, and increase, respectively, increase, remain unchanged, and decrease, respectively.
None of these.
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Accounting Principles
Authors: Jerry J Weygandt, Donald E Kieso, Paul D Kimmel
8th Edition
0471980196, 9780471980193
