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Find how much will stockholders equity change

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The balance sheet of Strauss Corporation contains the following list of assets:

Cash $8,500,000;

land, $4,700,000;

Buildings, $1,300,00; and

other assets, $200,000.

Problem 1: Strauss' only debt is $2,070,000 to a bank. How much will stockholders' equity change when Strauss borrows $300,000 to purchase equipment?

Reference no: EM132900152

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