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O'Hare Company, is a manufacturing firm that uses a job-order cost system to determine the...

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Accounting

O'Hare Company, is a manufacturing firm that uses a job-order cost system to determine the costs of its products. During the current accounting period, O'Hare paid $700 for equipment rental and other indirect costs. The recognition of this event would:

Increase total assets.

Decrease total assets.

Have no impact on total assets.

Reduce net income.

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