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Virginia Company paid $7,500 cash for various manufacturing overhead costs. As a result of this transaction: A) total assets increase B) total assets, total equity,

Virginia Company paid $7,500 cash for various manufacturing overhead costs. As a result of this transaction:

A) total assets increase

B) total assets, total equity, and net income are not affected

C) total assets, total equity, and net income decrease

D) none of these

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