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    Exam 6: Reporting and Interpreting Sales Revenue,receivables,and Cash
  5. Question
    Which of the Following Correctly Describes the Following Journal Entry
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Which of the Following Correctly Describes the Following Journal Entry

Question 108

Question 108

Multiple Choice

Which of the following correctly describes the following journal entry? Which of the following correctly describes the following journal entry?   A) The gross profit does not change. B) Net income decreases. C) Current assets increase. D) Net sales increases.


A) The gross profit does not change.
B) Net income decreases.
C) Current assets increase.
D) Net sales increases.

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