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    Financial Accounting Tools Study Set 4
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    Exam 3: The Accounting Information System
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    Receiving Payment of a Portion of an Accounts Receivable Will
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Receiving Payment of a Portion of an Accounts Receivable Will

Question 205

Question 205

Multiple Choice

Receiving payment of a portion of an accounts receivable will


A) not affect total assets.
B) increase liabilities.
C) increase stockholders' equity.
D) decrease net income.

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