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(2pts) 3) Retained earnings will be increased by the amount in the dividend account True False 4) When an account receivable is collected in cash,

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(2pts) 3) Retained earnings will be increased by the amount in the dividend account True False 4) When an account receivable is collected in cash, the total assets of the business increase (2pts) True False (2pts) 5) When capital stock is issued by a corporation for cash, both the income statement and the balance sheet are affected True False

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