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Question 4 1 pts ABC Company sold some land that it had bought for $ 2 0 , 0 0 0 and received $ 2

Question

4

1

pts

ABC Company sold some land that it had bought for $

20, 000

and received $

20, 000

cash. What happens to the accounting equation?

Total assets do not change.

Liabilities increase $

20, 000 .

Total assets chicrease by $

20, 000

Total assets increase $

20, 000

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