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Which the effect on the accounting equation is that

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Reference no: EM132885016

Problem 1: Inventory sold on credit was returned by the customer. The effect on the accounting equation is that:

Select one:

a. a liability increased and an expense increased.

b. an asset decreased and a liability decreased.

c. a liability increased and an expense decreased.

d. an asset increased and revenue decreased.

Reference no: EM132885016

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