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Which of the following is true of equity? O A. Equity decreases with owner's withdrawals. O B. Equity decreases with collection of revenue. OC. Equity

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Which of the following is true of equity? O A. Equity decreases with owner's withdrawals. O B. Equity decreases with collection of revenue. OC. Equity increases with payment on account. OD. Equity increases with purchase of assets. Which of the following accounts is NOT an asset? O A. Building OB. Furniture O C. Unearned Revenue OD. Prepaid Expense

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