Question: please answer those two multiple questions quick d. $1,890 3. Monthly remittance of sales tax: a. b. c. d. Reduces liabilities Is an asset exchange
d. $1,890 3. Monthly remittance of sales tax: a. b. c. d. Reduces liabilities Is an asset exchange transaction Reduces stockholder's equity All of these answers are correct Selling $130 of merchandise to a customer for $200 in a state where the sales tax rate is 4%: 4. a. Increases cash flow from operating activities by $208 b. Increases total assets by $78 c. Increases equity by $70 d. All of these answers choices are correct
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