Aird Company sold a motorcycle to Bryan Harder for $3,000 on credit, but Harder never paid the
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Aird Company sold a motorcycle to Bryan Harder for $3,000 on credit, but Harder never paid the $3,000. Since Aird Company’s assets decreased by one motorcycle but there was no actual increase in another asset, Aird Company’s equity actually [increased / stayed the same /
decreased] as a result of this transaction. Aird Company [did / did not]
realize revenue from this transaction.
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