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When a company buys equipment for $ 1 5 5 , 0 0 0 and pays for one half in cash and the other one
When a company buys equipment for $ and pays for one half in cash and the other one half is financed by a note payable, which of the following are the effects on the accounting equation?
Multiple Choice
Total assets increase $
Total liabilities increase $
Total liabilities decrease $
Total assets increase $
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