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Question 20 For the following business transaction, what is the effect of the transaction on the accounting equation: Collected cash from customer? A Assets Increase:

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Question 20 For the following business transaction, what is the effect of the transaction on the accounting equation: Collected cash from customer? A Assets Increase: Liabilities increase B. Assets Increase; Equity increases C. Assets increase: Assets Decrease D. Liabilities increase; Equity Decreases O E. None of the above

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