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The purchase of an asset such as inventory or equipment for cash decreases assets and increases liabilities. increases assets and stockholders' equity increases assets and
The purchase of an asset such as inventory or equipment for cash
decreases assets and increases liabilities.
increases assets and stockholders' equity
increases assets and liabilities.
leaves total assets unchanged.
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
9th Canadian Edition, Volume 2
470964731, 978-0470964736, 978-0470161012
