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02-01-2024
Business

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Using a loan from his parents, Eric starts his own landscaping business by purchasing a lawn mower, weed eater, and a used truck for transporting the equipment. When recording his transaction for his new business,

A. assets increase and liabilities decrease.
B. owners' equity increases and assets increase.
C. liabilities increase and owners equity decreases.
D. assets increase and liabilities increase.
E. assets remain the same and liabilities increase.

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