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Which of the following statements is true regarding transactions of a company? Group of answer choices When account receivable is collected, retained earnings is increased.
Which of the following statements is true regarding transactions of a company?
Group of answer choices
When account receivable is collected, retained earnings is increased.
When accounts payable is paid, retained earnings is decreased.
Receiving unearned revenue has no impact on retained earnings.
Paying rent three months ahead of when it is due decreases retained earnings.
None of the above.
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