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timed exam please help When a company earns revenue, how is the accounting equation impacted? Assets decrease Liabilities increase Stockholders' Equity decreases Stockholders' Equity increases

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When a company earns revenue, how is the accounting equation impacted? Assets decrease Liabilities increase Stockholders' Equity decreases Stockholders' Equity increases Which of the financial statements reports the basic accounting equation? Balance Sheet Income Statement Statement of Cash Flows Statement of Retained Earnings All of the following are accounts used in a job order Sales Raw Materials Work-in-Process (WIP) Finished Goods

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