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Purchasing equipment to be used in the business for $48,000 cash causes what effects? Select one: A. Assets increase and decrease by $48,000 B. Assets

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

Select one:

A. Assets increase and decrease by $48,000

B. Assets increase and shareholders' equity decreases by $48,000

C. Assets decrease and shareholders' equity increases by $48,000

D. Assets and shareholders' equity increase by $48,000

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