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Question 4 (1 point) Purchasing land for $100,000 by paying $10,000 in cash and borrowing the remainder would: increase owner's equity by $10,000 decrease
Question 4 (1 point) Purchasing land for $100,000 by paying $10,000 in cash and borrowing the remainder would: increase owner's equity by $10,000 decrease owner's equity by $90,000 decrease liabilities by $90,000 increase total assets by $90,000
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