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Yang Company sold merchandise for $ 1 0 , 0 0 0 cash. The event is subject to a state sales tax of 9 %

Yang Company sold merchandise for $

10, 000

cash. The event is subject to a state sales tax of

9 % .

Recognizing the sale will require Yang to

Multiple Choice

increase assets.

increase revenue.

All of the answers are correct.

increase liabilities.

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