Purchasing a parcel of land for $100,000 by paying $10,000 in cash and signing a promissory note for the remainder would:

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Purchasing land by paying part in cash and the remainder through a promissory note increases total assets by the value of the land acquired ($100,000), but since $10,000 was paid in cash, the net increase in total assets is the value of the land minus the cash paid, which is $90,000. The transaction does not directly affect owner's equity or decrease liabilities; instead, it increases liabilities by $90,000 due to the promissory note.

Purchasing a Parcel of Land for $100,000 by Paying $10,000