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Question Content AreaJohnson, Inc. purchased land for cash. What effect does this transaction have? a . Increase in Cash and increase in Land b .

Question Content AreaJohnson, Inc. purchased land for cash. What effect does this transaction have?
a. Increase in Cash and increase in Land
b. Decrease in Cash and increase in Land
c. Increase in Cash and decrease in Land
d. Decrease in Cash and decrease in Land

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