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Indicate whether each of the following statements is true or false. 19 a) A benefit of making credit card sales is that there is no

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Indicate whether each of the following statements is true or false. 19 a) A benefit of making credit card sales is that there is no cost to the merchant b) A benefit of accepting credit cards is that increased sales may be generated. c) Recording a credit card sale increases total assets and increases total liabilities. d) Recording the collection of cash from the credit card company increases cash and increases revenue. e) The income statement is not affected at the time the cash receipt is recorded

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