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  3. Study Set
    Financial Accounting Study Set 26
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    Exam 2: Recording Business Transactions
  5. Question
    Receiving a Payment from a Customer on Account Would
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Receiving a Payment from a Customer on Account Would

Question 113

Question 113

Multiple Choice

Receiving a payment from a customer on account would:


A) increase liabilities
B) have no effect on shareholders' equity
C) increase shareholders' equity
D) increase net income

Correct Answer:

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