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    Exam 2: The Accounting Equation and Transaction Analysis
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    If Haircut 101 Pays Its Utility Bill on the Day
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If Haircut 101 Pays Its Utility Bill on the Day

Question 62

Question 62

Multiple Choice

If Haircut 101 pays its utility bill on the day it is received, then


A) assets will decrease.
B) liabilities will increase.
C) owner's equity will increase.
D) expenses will decrease.

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