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    Survey of Accounting Study Set 2
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    Exam 2: Basic Accounting Concepts
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    For EFG Co
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For EFG Co

Question 31

Question 31

Multiple Choice

For EFG Co. ,the transaction "Receipt of interest income" would


A) increase total assets.
B) decrease total assets.
C) have no effect on total assets.
D) decrease total liabilities.

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