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Receiving payment of a portion of an accounts receivable will?

a. not affect the total assets.

b. increase liabilities.

c. increase stockholders' equity.

d. decrease net income.

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Egie Boy Cauba
Egie Boy CaubaLv5
29 Jan 2021
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Related questions

When a collection is made on accounts receivable

a. Total assets will remain the same

b. stockholders' equity will increase

c. Total assets will increase

d. Total assets will decrease

 

Choose the correct answer for the below:

Recording depreciation on manufacturing equipment will?

A. decrease in total assets, total equity, and net income.

B. no affect total assets or net income.

C. Decrease total assets, decrease net income, and increase total equity

D. not affect total assets and increase net income

The effect of the declaration of a cash dividend on a company's financial statements is to

a. Decrease the total liabilities and stockholders’ equity

b. Increase total expenses and total liabilities

c. Increase total assets and total stockholders’ equity

d. Decrease total assets and total stockholders’ equity

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