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  3. assets increased by the end of the year. which of

Assets increased by the end of the year. Which of the following could have caused...

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Question

Accounting

Assets increased by the end of the year. Which of the following could have caused the increase?

Group of answer choices:

the business received a promissory note from a client in settlement of its account.

the business bought computers for its accounting department for P50,000 cash.

the business issued a 120-day promissory note for money borrowed from the bank.

the owner paid a business obligation out of his own personal checking account.

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