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When Cisco collectsan accounts receivable from a customer: a. Revenues on the income statement is increased and accounts receivable on the balance sheet is increased.
When Cisco collectsan accounts receivable from a customer:
a. Revenues on the income statement is increased and accounts receivable on the balance sheet is increased.
b. Revenues on the income statement is increased and accounts receivable on the balance sheet is decreased.
c. Total assets are decreased on the balance sheet andnet income on the income statement isincreased.
d. Total assets are unchanged on the balance sheet and the income statement is not affected.
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