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A small company near loop 410 pays $8,000 cash for some new equipment. The effect is...


A small company near loop 410 pays $8,000 cash for some new equipment. The effect is increase stockholders equity decrease s
A small company near loop 410 pays $8,000 cash for some new equipment. The effect is increase stockholder's equity decrease stockholder's equity no change in total assets increase liabilities
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The answer is no change in total assets

The reason here is

One asset i.e equipment is increasing by the amount $8,000 and the

Other asset i.e cash is decreasing by the same amount i.e $8,000

Hence there is no change in total assets

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