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The purchase of equipment on account will O increase assets and decrease equity. increase assets and decrease liabilities. O have no affect on total assets

The purchase of equipment on account will O increase assets and decrease equity. increase assets and decrease liabilities. O have no affect on total assets or liabilities. O increase both assets and liabilities
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The purchase of equipment on account will increase assets and decrease equity. increase assets and decrease liabilities. have no affect on total assets or liabilities. increase both assets and liabilities

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