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Toby and Alice Samms save $3,000 from their cash flow. The money is deposited into their money market account for future investments. How is their
Toby and Alice Samms save $3,000 from their cash flow. The money is deposited into their money market account for future investments. How is their statement of financial position affected?
I. Their assets increase by $3,000.
II. Their cash flow decreases by $3,000.
III. Their net worth increases by $3,000.
IV. Their liabilities decrease by $3,000.
A. All of the above
B. I, II and III
C. I and III
D. Ii and IV
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