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Home Q & A Board Other Fields Homework Help Business Accounting
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gOOvER gOOvER
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6 years ago
Receiving cash from a customer in payment of an account receivable would:
A) decrease total assets and increase owner's equity.
B) increase owner's equity and increase liabilities.
C) increase total assets and decrease liabilities.
D) have no effect on total assets or owner's equity.
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
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KryzenKryzen
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gOOvER Author
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6 years ago
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