Question: Knowledge Check 0 1 Multiple Choice Assets will increase by $ 4 0 , 0 0 0 , liabilities will increase by $ 4 0

Knowledge Check 01
Multiple Choice
Assets will increase by $40,000, liabilities will increase by $40,000, and stockholders' equity will remain unchanged
Assets will increase by $40,000, liabilities will remain unchanged, and stockholders' equity will increase by $40,000
Assets will increase by $40,000, liabilities will decrease by $40,000, and stockholders' equity will remain unchanged
Assets will increase by $40,000, liabilities will remain unchanged, and stockholders' equity will decrease by $40,000
Knowledge Check 01 Multiple Choice Assets will increase by $40,000, liabilities

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