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Purchasing a building for $ 120 comma 000 by paying cash of $ 30 comma...

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Accounting

Purchasing a building for $ 120 comma 000 by paying cash of $ 30 comma 000 and obtaining a mortgage for $ 90 comma 000 would: Question content area bottom Part 1 A. increase assets and increase liabilities by $ 90 comma 000. B. increase owner's equity by $ 90 comma 000. C. decrease assets and decrease liabilities by $ 30 comma 000. D. increase liabilities by $ 30 comma 000

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