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00:14:51 Question 15/25 Fontaine Fox Company buys a $12,000 equipment on credit. This transaction will affect the 1. 2. income statement only. statement of financial

00:14:51 Question 15/25 Fontaine Fox Company buys a $12,000 equipment on credit. This transaction will affect the 1. 2. income statement only. statement of financial position only. income statement, retained earnings statement, and statement of financial position. income statement and retained earnings statement only. 3. 4. Next

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