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  1. business
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  3. 6a company soldinventory costing $60,000.the custo

6A company soldInventory costing $60,000.The customer paid cash of $100,000.How does this transaction affect the...

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Accounting

6A company soldInventory costing $60,000.The customer paid cash of $100,000.How does this transaction affect the selling company's accounting equation? Assets increase by $40,000; owners' equity increases by $40,000. Assets increase by $160,000; owners' equity increases by $160,000. Assets increase by $60,000; owners' equity increases by $60,000. Assets increase by $100,000; owners' equity Increases by $100,000.

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