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3. Monthly remittance (payment) of sales tax: A. Reduces stockholders' equity and Liabilities. B. Increases Cash and Reduces liabilities. C. Is a claims exchange transaction.

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3. Monthly remittance (payment) of sales tax: A. Reduces stockholders' equity and Liabilities. B. Increases Cash and Reduces liabilities. C. Is a claims exchange transaction. D. Reduces Liabilities and Cash

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