Question: Sunland Inc. bought an asset for ( $ 4 7 0 0 ) . If Sunland sells that asset on account for

Sunland Inc. bought an asset for \(\$ 4700\). If Sunland sells that asset on account for \(\$ 4700\),
assets and liabilities will increase.
assets decrease and liabilities increase.
assets and liabilities will decrease.
total assets will be unchanged.
Sunland Inc. bought an asset for \ ( \ $ 4 7 0 0

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