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Collecting cash on account causes:

harra

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Collecting cash on account causes:

Collecting cash on account causes:
A) assets to increase and owner's equity to decrease.
B) assets to increase and liabilities to increase.
C) assets to increase and owner's equity to increase.
D) no change in total assets.

Textbook

Accounting, Volume 1, Canadian Edition

Edition: 9^th

Authors: Horngren, Harrison, Johnston, Meissner, Norwood

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harra Author

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7 years ago

Smart ... Thanks!

lierac00

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I appreciate what you did here, answered it right Smiling Face with Open Mouth

ediblefruitz

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This calls for a celebration Person Raising Both Hands in Celebration

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