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Part B: Indicate whether each of the actions listed below will increase (1), decrease (D), or have
no effect (NE) on the balance sheet sections shown. Current Current L-T Stockholders’
liabilitie liabilities equity
3
the next month.
Sell products on account at a
loss Provide service to a customer, for which the
payment was received three
months a 0. Pa off lon-term bonds
Sell land for cash at a ain

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