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What will be the effect on the balance sheet when a previously written-off claim is paid, if the company uses the Allowance Method? Select one

What will be the effect on the balance sheet when a previously written-off claim is paid, if the company uses the Allowance Method? Select one alternative: a-No effect on assets and equity b-Assets decrease but have no effect on equity c-Assets decrease and equity decreases d-No effect on assets but equity decreases

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