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Use This Information to Answer the Following Question

Question 3

Multiple Choice

Use this information to answer the following question. Here is the balance sheet for Abbot Box Company:
Use this information to answer the following question. Here is the balance sheet for Abbot Box Company: If the equipment were sold for $13,000, then the Jill Abbot, Capital account would A) increase by $37,000. B) increase by $13,000. C) decrease by $13,000. D) stay the same. If the equipment were sold for $13,000, then the Jill Abbot, Capital account would


A) increase by $37,000.
B) increase by $13,000.
C) decrease by $13,000.
D) stay the same.

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