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3 years ago

Receiving cash from a customer on account will

Business

1 answer:

almond37 [142]3 years ago

3 0

Answer: Option B

Explanation: The receiving of cash from customers will have no effect on total assets, as the amount of inventory will decrease and the amount of cash will increase by the same amount. Thus the accounting equation will remain same from such a transaction as one asset will decrease and other will increase.

Thus, from the above we can conclude that the correct option is B.

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hram777 [196]

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2 years ago

A company began the year with assets of $117,000, liabilities of $28,500, and stockholders' equity of $88,500. During the year a

algol [13]

Answer:

Change in liabilities = $33,300

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3 years ago

Which of the following elements is exclusive to the services marketing mix, and not the traditional marketing mix?a) processb) p

Romashka-Z-Leto [24]

Answer:

a) process

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3 years ago

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DanielleElmas [232]

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3 years ago

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miss Akunina [59]

The rate of return on an investment is the investors gain or loss on the investment over a period of time.

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3 years ago

Read 2 more answers