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16 One of our company's customers returned some merchandise we had sold to them. That merchandse had cost our company $600, and we had sold

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16 One of our company's customers returned some merchandise we had sold to them. That merchandse had cost our company $600, and we had sold it to our customer for $1,000. Our customer had not yet paid us the $1,000. What effect does this return have on our company's basic accounting equation? Stockholders' equity and total assets both decrese by $400 Stockholders' equity and total assets both decrese by $1,000 Stockholders' equity and total assets both decrease by $600 Total assets and stockholders equity increase by $600 A B D

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