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75. A business must only invest in an accounting information system in which the benefits received outweigh the cost of the system. True False 77.
75. A business must only invest in an accounting information system in which the benefits received outweigh the cost of the system.
True
False
77. Exchange Company collected $14,000 from one of its customers, the amount owed from the previous month. How does this affect the accounting equation for Exchange?
A.assets increase by $14,000; liabilities decrease by $14,000
B.assets increase by $14,000; liabilities increase by $14,000
C.assets increase by $14,000; equity increases by $14,000
D.assets increase by $14,000; assets decrease by $14,000
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