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When a collection is received from a customer on an accounts receivable, the result of this receipt is to increase sales and increase assets. increase
When a collection is received from a customer on an accounts receivable, the result of this receipt is to increase sales and increase assets. increase sales and decrease assets. increase net income and stockholders equity. Okeep both total assets and stockholders' equity the same. None of the above
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
