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Which of the following transactions will increase net income as of the date of the transaction? a. Borrowed $100,000 from the local bank and signed
Which of the following transactions will increase net income as of the date of the transaction?
a. Borrowed $100,000 from the local bank and signed a note payable due in five years.
b. Received $3,000 from customers paying on their accounts
c. Performed $3,000 of consulting services and was not paid by the customer.
d. Received $1,000 from customers as deposits on an order to be delivered next month.
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