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QUESTION 20 GHI Corporation sells product to customers on August 15, 2018 for a total price of $15,000. The terms of the sale are that

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QUESTION 20 GHI Corporation sells product to customers on August 15, 2018 for a total price of $15,000. The terms of the sale are that payment is due in 30 days. The cost of the products was $12,000. What is the most likely net change in GHI Corporation's total assets on August 15, 2018 as a result of this transaction? O a. So O b. $3,000 c. $5,000 O d. $12,000 QUESTION 21 Which of the following items could cause the recognition of accrued liabilities? a. Sales, interest expense, rent. O b. Sales, taxes, interest income. O c. Salaries, interest expense, interest income. O d. Salaries, rent, insurance

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