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  3. 35. jerry frost invested equipment in his business

35. Jerry Frost invested equipment in his business having a fair market value of $23,500....

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Accounting

35. Jerry Frost invested equipment in his business having a fair market value of $23,500. What on the fundamental accounting equation? a. Assets increase $23,500; liabilities, no effect; owner's equity increases $23,500. 5 b. Assets increase $23,500; liabilities decrease $23,500; owner's equity increases $23,500. C. Assets increase $23,500; liabilities increase $23,500; owner's equity, no effect. Assets decrease $23,500; liabilities. no effect, owner's equity decreases $23,500. .Assets decrease $23,500; liabilities, no effect; owner's equity increases $23,500

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