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How much will stockholders equity change

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Question - 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. 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: EM132977117

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