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Washburn Motors signs a contract to sell a $100,000 luxury sedan to be delivered next month, and receives a $20,000 cash down payment from the buyer. How will the transaction most likely affect Washburn assets and liabilities? , S" l4 b+ g. @) @& u& a# t
Assets Liabilities ' q8 E% \' E$ z4 P; `) Y
A. Unchanged Unchanged " @9 n, B" P7 ]9 V0 [( f
B. Increase Increase
) h; |3 I6 K |/ jC. Increase Unchanged # M9 U3 [5 h% r
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