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XYZ Company began Year 1 witb $50,000 in cash and common stock. on Jan 1, Year 1 XYZ Company issued a $250,000 of 20 year
XYZ Company began Year 1 witb $50,000 in cash and common stock. on Jan 1, Year 1 XYZ Company issued a $250,000 of 20 year 10% bonds. The bonds were issues at face value. Interest is paid on Dec 31 each year. If this is the only activity in Year1, what is the net affect on the total assets section of year 1 balance sheet
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