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What influence does a $100 credit sale have on the financial statements? (Select all that apply.) a) an increase of $100 in accounts receivable on
What influence does a $100 credit sale have on the financial statements? (Select all that apply.)
a) an increase of $100 in accounts receivable on the Balance Sheet
b) an increase in sales of $100 on the Income Statement
c) a decrease of $100 in accounts receivable on the Balance Sheet
d) a decrease in sales of $100 on the Income Statement
Right now I think it is just option A, but need some reassurance. Thanks!
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