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The purchase of store equipment for cash reduces assets and owner's equity by an equal amount. a. True b. False

The purchase of store equipment for cash reduces assets and owner's equity by an equal amount. a. True b. False
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3 votes
The purchase of store equipment for cash reduces assets and owner's equity by an equal amount.

a. True
b. False

User Gleam
by
7.5k points

1 Answer

3 votes
false, increases assests
User Mingwei He
by
8.7k points
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