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Suppose the income statement for Goggle Company reports $147 of net income, after deducting depreciation of $22. The company bought equipment costing $125 and obtained
Suppose the income statement for Goggle Company reports $147 of net income, after deducting depreciation of $22. The company bought equipment costing $125 and obtained a long-term bank loan for $132. Calculate the change in each balance sheet account and indicate whether each account relates to operating, investing, and/or financing activities (+ for increase and - for decrease). (Select "NE" if there is no effect. Enter all amounts as positive values.)
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