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Washburn Motors signs a contract to sell a $100,000 luxury sedan to be delivered next month, and receives a $20,000 cash down payment from the buyer. How will the transaction most likely affect Washburn assets and liabilities? e8 ~* A! A1 Q5 i" N7 r$ H
Assets Liabilities
$ G( J3 G( A. ]% ]/ r0 CA. Unchanged Unchanged
8 ]3 m) ~, I( b' SB. Increase Increase
+ ]) w; p/ K0 f5 Q1 V, d6 DC. Increase Unchanged " X6 k1 ]0 r; W* @* ?& ^. \+ Z
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