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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
asked 99.6k views
3 votes
The purchase of store equipment for cash reduces assets and owner's equity by an equal amount.

a. True
b. False

asked
User Gleam
by
7.5k points

1 Answer

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