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1. How does recording accrued revenues affect a firm's financials? [recall accruals correspond to economic activity that happens before cash transaction] a. Revenues increase and
1. How does recording accrued revenues affect a firm's financials? [recall accruals correspond to economic activity that happens before cash transaction] a. Revenues increase and Liabilities decrease b. Revenues increase and Stockholder's Equity decreases c. Revenues increase and Liabilities increase d. Revenues decrease and Stockholder's Equity decreases e. Revenues increase and Assets increase
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Accounting Principles Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
9th Canadian Edition
978-1119786818, 1119786819
