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Reported Question / Answer
Q.) If a farmer writes a check for $8,000 to pay off the remainder of a tractor loan:
1)
assets are reduced and equity declines
2)
assets and liabilities are reduced and equity is unaffected
3)
liabilities are reduced and equity increases
4)
assets, liabilities and equity each decline
5)
NULL
Answer :
2
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Message / Correct Answer / Suggestion
Human Verification : Answer 2 + 3 = ?
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