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Question 18 3 pts A firm collects $20,000 cash on a sale that occurred 30 days ago. What is the effect of this transaction on

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Question 18 3 pts A firm collects $20,000 cash on a sale that occurred 30 days ago. What is the effect of this transaction on the financial statements? There is no impact to the financial statements. Current assets decrease and revenue decreases. Revenues increase and current liabilities increase. a 9Current assets (cash) increase and current assets (A/R) decrease. None of these

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