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The Cheetah Scooters Company (CSC) receives a $10 million order from a customer wanting to buy its most popular model on credit. No money changes
The Cheetah Scooters Company (CSC) receives a $10 million order from a customer wanting to buy its most popular model on credit. No money changes hands. Due to excess demand, CSC cannot supply the scooters until next quarter. How will these events affect the Balance Sheet? Multiple Choice Accounts receivable will increase by $10 million this quarter and inventories will decrease next quarter. Both accounts receivable and accounts payable will increase by $10 million this quarter. Both accounts receivable and shareholders' equity will increase by $10 million this quarter
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