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Rebuilt Inc. purchased a new building in order to open a new store. Rebuilt Inc. paid $250,000 in cash for the purchase. How would
Rebuilt Inc. purchased a new building in order to open a new store. Rebuilt Inc. paid $250,000 in cash for the purchase. How would this transaction impact the accounting equation? Cash and Buildings would increase. Cash and Buildings Expense would increase. Cash would decrease and Building expense would increase. Cash would decrease and Buildings would increase.
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