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What affect does a net loss have on the balance sheet

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Reference no: EM132514728

Question 1: What affect does a net loss have on the balance sheet

Group of answer choices

Option 1: Net loss decreases total equity

Option 2: Net loss increases total liabilities

Option 3: Net loss does not affect the balance sheet

Option 4: Net loss increases accounts receivable

Reference no: EM132514728

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