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ABC inc. collected $1500 of account Receivable. The effect on the accounting equation are: A. total Assetts decrease and owner's Equaity increase B. both total
ABC inc. collected $1500 of account Receivable. The effect on the accounting equation are:
A. total Assetts decrease and owner's Equaity increase
B. both total assets and total liabilities decrease
c. Total assets, total liabilities, total owner's equality are unchanged
d. both total assets and owner's equaity are unchanged.
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