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Which one of the following transactions will ultimately cause a decrease in Retained Earnings? A. Receipt of interest on a note receivable. B. Payment of
Which one of the following transactions will ultimately cause a decrease in Retained Earnings?
A. Receipt of interest on a note receivable.
B. Payment of the current month's telephone bill.
C. Payment of the prior months Account Payable balance.
D. Collection of cash from a customer for services provided in the current month.
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