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Receiving cash for services performed the same day would:

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Receiving cash for services performed the same day would:

Receiving cash for services performed the same day would:
A) increase owner's equity and decrease total assets.
B) decrease total assets and decrease liabilities.
C) increase liabilities and increase total assets.
D) increase owner's equity and have no effect on liabilities.

Textbook

Accounting, Volume 1, Canadian Edition

Edition: 9^th

Authors: Horngren, Harrison, Johnston, Meissner, Norwood

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