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Which of the following involves only one part of the accounting equation? ( Parts is referring to the three categories: assets, liabilities, and
Which of the following involves only one part of the accounting equation?
Parts is referring to the three categories: assets, liabilities, and equity.
The company borrows cash from the bank.
Land is purchased with cash.
A company pays the monthly insurance expense with cash.
Dividends are paid with cash.
Two of the above involve only one part of the accounting equation.
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