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    Financial and Managerial Accounting Study Set 8
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    Exam 3: The Accounting Cycle: Capturing Economic Events
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    Collection of an Accounts Receivable
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Collection of an Accounts Receivable

Question 92

Question 92

Multiple Choice

Collection of an accounts receivable:


A) Increases the total assets of a company.
B) Decreases the total assets of a company.
C) Does not change the total assets of a company.
D) Reduces a company's total liabilities.

Correct Answer:

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