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Which of the happens as a result of selling of merchandise

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Problem 1: Which of the following happens as a result of selling $130 of merchandise to a customer for $200 cash in a state where the sales tax rate is 4%?

A. The cash flow from operating activities increases by $208.

B. Total assets increase by $78.

C. Stockholder's equity increases by $70.

D. All of these answer choices are correct.

Reference no: EM132718405

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