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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?
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A. Unchanged Unchanged
" S& e2 `& m& a! }4 AB. Increase Increase 9 Y- _( q. A; |
C. Increase Unchanged
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