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Which of the following is not True? When using the accounting equation to analyze and record transactions (template approach) a. The effects to the asset

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Which of the following is not True? When using the accounting equation to analyze and record transactions (template approach) a. The effects to the asset side must be equal to the effects on the liabilities and shareholders' equity side. b. Sales revenue decreases retained earnings c. Every transaction must affect at least two accounts d. Each line must balance

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