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Washburn Motors signs a contract to sell a $100,000 luxury sedan to be delivered next month, and receives a $20,000 cash down payment from the buyer. How will the transaction most likely affect Washburn assets and liabilities?
# N2 [7 |# P) ]) S Assets Liabilities ; F' e3 }* ~# s) x+ U- `
A. Unchanged Unchanged
7 l! r3 G$ w: XB. Increase Increase
b- b0 X1 M! `4 s3 yC. Increase Unchanged ( |6 a: J" D. P# e/ m4 e$ ]: u
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