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1. Company performs services for a customer on account. This transaction increased assets and A. Increase liabilities B. Increased revenue C. Increased expense D. Decreased

1. Company performs services for a customer on account. This transaction increased assets and

A. Increase liabilities

B. Increased revenue

C. Increased expense

D. Decreased equity

2. What section of cash flows- cash received from dividends earned as a result of owning another companys stock?

A. Operations activities

B. Investing

C. Either operating or investing

D. Financing

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