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Your company paid $82,000 cash for land to be used for a new chicken breeding...

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Accounting

Your company paid $82,000 cash for land to be used for a new chicken breeding facility. How does this transaction affect the accounting equation?

A) Total assets decrease and total liabilities decrease

B) Total assets increase and total stockholders' equity increases.

C) Total assets increase and total liabilities increase.

D) One asset increases, while another asset decreases.

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