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Washburn Motors signs a contract to sell a $100,000 luxury sedan to be delivered next month, and receives a $20,000 cash down payment from the buyer. How will the transaction most likely affect Washburn assets and liabilities? 3 ^8 U, B0 K4 @
Assets Liabilities % M7 K$ b* @1 M# h) V+ l4 m
A. Unchanged Unchanged 1 w/ t6 D& B e- Y) c
B. Increase Increase 0 g) y- {# \8 M7 J1 Q
C. Increase Unchanged
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