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Define increase assets and increase and increase liabilities

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Reference no: EM131715200

Purchasing a building for $100,000 by paying cash of$ 20,000 and obtaining a mortgage for $ 80,000 would:

a, increase assets and increase and increase liabilities by $100,000 d, decrease assets and decrease liabilities by $20,000

b, increase assets and increase liabilities by$ 80,000

c, decrease assets and increase liabilities by$20,000

Reference no: EM131715200

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