Question: Purchasing computer equipment for cash will A. increase both total assets and total liabilities. B. decrease both total assets and stockholders' equity. C. decrease both

Purchasing computer equipment for cash will A. increase both total assets and total liabilities. B. decrease both total assets and stockholders' equity. C. decrease both total liabilities and stockholders' equity. D. have no effect on total assets, total liabilities, or stockholders' equity

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