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    Horngrens Accounting Study Set 2
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    Exam 1: Accounting and the Business Environment
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    Collecting Cash on Account Causes
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Collecting Cash on Account Causes

Question 49

Question 49

Multiple Choice

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.

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