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The purchase of an asset for cash decreases assets and increases liabilities. increases assets and shareholders' equity. leaves total assets unchanged. increases assets and liabilities.
- The purchase of an asset for cash
- decreases assets and increases liabilities.
- increases assets and shareholders' equity.
- leaves total assets unchanged.
- increases assets and liabilities.
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Accounting And Finance For Non Finance Managers
Authors: Jai Kumar Batra
1st Edition
9352806964, 978-9352806966
