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Question(s) / Instruction(s):

A transaction completed by Salvador Company caused a $12,000 increase in both the total assets and the total liabilities. This transaction could have been:

A)           Purchase of office equipment, paying $3,000 cash, and $10,000 on account.

B)            Purchase of office equipment for $32,000, paying $20,000 cash, with the rest on account.

C)            Investment by the owner of an additional $12,000.

D)           None of these answers are correct.

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