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Question 4 1 pts Indicate how the following business transaction affects the basic accounting equation: The company purchased equipment on credit. Increase Assets and Increase

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Question 4 1 pts Indicate how the following business transaction affects the basic accounting equation: The company purchased equipment on credit. Increase Assets and Increase Stockolders' Equity Increase Assets and Increase Liabilities Increase Assets and Decrease Assets Increase Assets and Decrease Stockolders' Equity

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