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What effect does the collection of a note receivable, excluding interest, have on the accounting equation? A. Assets are increased and stockholders' equity is increased.

What effect does the collection of a note receivable, excluding interest, have on the accounting equation? A. Assets are increased and stockholders' equity is increased. B. Assets are reduced and liabilities are reduced. C. Total assets remain the same. D. Assets are reduced and stockholders' equity is reduced.

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