Puffin, Inc. purchased land costing $54,000 by paying cash of $13,500 and signing a 90-day note for the balance. The entry to record this transaction would:
A. decrease Common Stock.
B. increase total assets and decrease total liabilities.
C. decrease total liabilities.
D. increase total assets.
Answer: D
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A) significance of the overall effect B) significance of the main effect C) multiple ?2 D) significance of the interaction effect
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Fill in the blanks with correct word.