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Question 8 An entry to record a collection of an account receivable will: will not...

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Question 8 An entry to record a collection of an account receivable will: will not affect working capital will increase the current ratio increase total assets while decreasing total liabilities increase total liabilites and total stockholders' equity a and b are correct none of the above are correct Question 9 The'matching concept/principle being applied when an adjustme to match all expenses incurred with the total revenue recognized

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