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1. Assigning accounts receivable as a collateral for borrowed cash has which of the following effects on the accounting equation? The lender charges a finance

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1. Assigning accounts receivable as a collateral for borrowed cash has which of the following effects on the accounting equation? The lender charges a finance fee of 2% of the accounts receivable assigned. a. Decrease assets and increase liability. b. Increase assets and increase liability c. Increase stockholders' equity and increase liability. d. Decrease stockholders' equity and decrease assets

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