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Bledsoe Company acquired $30,000 cash by issuing common stock on January 1, Year 1. During Year 1, Bledsoe earned $10,000 of revenue on account. The
Bledsoe Company acquired $30,000 cash by issuing common stock on January 1, Year 1. During Year 1, Bledsoe earned $10,000 of revenue on account. The company collected $9,000 cash from customers in partial settlement of its accounts receivable and paid $6,900 cash for operating expenses. Based on this information alone, what was the impact on total assets during Year 1? D Multiple Choice Total assets increased by $33,100. Total assets increased by $2,100. Total assets increased by $42,100. Total assets did not change.
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