An owner transfers the following to a business: a building, valued at $100,000, and the associated mortgage with an $80,000 balance. Transferring these into the business would (use the accounting equation to help you think this through):

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increase assets by $20,000

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increase shareholders' equity by $100,000

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increase shareholders' equity by $20,000

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increase assets by $80,000

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An owner transfers the following to a business: a building, valued at $100,000, ...

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