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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? @5 D0 f1 B" S' Y3 Y
Assets Liabilities ' h8 J. h. |3 L5 q% ]& s. d
A. Unchanged Unchanged Y1 c: @# F1 F. x( D0 Q
B. Increase Increase 1 N7 p' A1 j& o4 H- z" v9 f
C. Increase Unchanged
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