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Question 1 Consider the following transactions: (i) Issued share capital for cash of $250,000 (ii) Received $80,000 from accounts receivable (iii) Paid $30,000 to accounts

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Question 1 Consider the following transactions: (i) Issued share capital for cash of $250,000 (ii) Received $80,000 from accounts receivable (iii) Paid $30,000 to accounts payable (iv) Purchased new equipment for $160,000 on credit How much did total assets increase by? A. $220,000 B. $230,000 C. $380,000 D. $460,000

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