SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN: 9780357391266
Author: Nellen
Publisher: Cengage
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Transcribed Image Text:Anthony, Inc. buys land for $50,000 cash. The net effect
on assets is:
a. $50,000 increase.
b. $0.
c. $50,000 decrease.
d. $25,000 increase.
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