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Purchasing equipment to be used in the business for $48,000 cash causes what effects? A. Assets increase and shareholders' equity decreases by $48,000 B. Assets

Purchasing equipment to be used in the business for $48,000 cash causes what effects?

	A.	Assets increase and shareholders' equity decreases by $48,000
	B.	Assets and shareholders' equity increase by $48,000
	C.	Assets decrease and shareholders' equity increases by $48,000
	D.	Assets increase and decrease by $48,000

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