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Question 2 If a business pays $100,000 to a creditor, how will this transaction impact the accounting equation? a. Decrease assets and decrease liabilities b.

Question 2

If a business pays $100,000 to a creditor, how will this transaction impact the accounting equation?

a. Decrease assets and decrease liabilities

b. Decrease assets and decrease revenue

c. Increase assets and decrease liabilities

d. Increase assets and increase owners' equity

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