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Which of the following describes the effect of remitting the sales tax to the tax authority? a)Decreases liabilities. b)A claims exchange transaction. c)Decreases stockholders' equity.

Which of the following describes the effect of remitting the sales tax to the tax authority?

a)Decreases liabilities.

b)A claims exchange transaction.

c)Decreases stockholders' equity.

d)All of these answer choices are correct.

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