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The Surfboard Centre paid $5,000 cash for inventory. These boards are on display in their showroom. This transaction will decrease total assets and shareholders equity.

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The Surfboard Centre paid $5,000 cash for inventory. These boards are on display in their showroom. This transaction will decrease total assets and shareholders equity. have no effect on total assets or shareholders equity. o increase total assets and shareholders equity. increase total assets and have no effect on shareholders equity

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