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Question 5 1 pts Jim, the owner of Jim Dandy's, sells his restaurant to Patrick Jackson for cash. The business still owes the bank. Which

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Question 5 1 pts Jim, the owner of Jim Dandy's, sells his restaurant to Patrick Jackson for cash. The business still owes the bank. Which one of the following is most true: Jim receives a financial asset; Patrick receives a real asset and a financial liability. Jim parts with a real asset; Patrick receives a real asset. The bank receives a financial asset; Patrick and Jim receive real assets. Jim and Patrick both receive financial assets. O Patrick receives a real asset as well as a financial asset. LILLE 37/07 SER 23

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