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ABC Corp sells an item of inventory to a customer for cash. The inventory cost $500 and the customer paid $750 for it. What happened
ABC Corp sells an item of inventory to a customer for cash. The inventory cost $500 and the customer paid $750 for it. What happened on the accounting equation?
Question 24 options:
| Current assets increased by $750 |
| Current assets increased by $250 |
| Revenue increased by $250 |
| Retained earnings decreased by $750 |
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