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How much will stockholders equity change

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Question - The balance sheet of Bravo Corporation contains the following list of assets: Cash $8,500,000; Land, $4,700,000; Buildings, $1,300,000; and Other Assets, $200,000. Bravo' only debt is $2,070,000 to a bank. How much will stockholders' equity change when Bravo borrows $300,000 to purchase equipment?

Reference no: EM132497091

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