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How would cash collected on accounts receivable affect the balance sheet? (only one answer) A. Increase liabilities and decrease equity B. Decrease liabilities and increase
How would cash collected on accounts receivable affect the balance sheet? (only one answer)
A. | Increase liabilities and decrease equity | |
B. | Decrease liabilities and increase equity | |
C. | Increase an asset and decrease an asset | |
D. | Increase an asset and increase equity |
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