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Which of the Following Happens as a Result of Selling

Question 47

Multiple Choice

Which of the following happens as a result of selling $130 of merchandise to a customer for $200 cash in a state where the sales tax rate is 4%?


A) The cash flow from operating activities increases by $208.
B) Total assets increase by $78.
C) Stockholder's equity increases by $70.
D) All of these answer choices are correct.

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