12. A Company received a $10,000 deposit from a customer for goods to be delivered the following month. Under the accrual and cash basis of accounting respectively the deposit would be recorded as A. Accrual Basis: a liability | Cash Basis: a liability B. Accrual Basis: a liability | Cash Basis: income C. Accrual Basis: income | Cash Basis: a liability D. Accrual Basis: income | Cash Basis: income E. Accrual Basis: an asset | Cash Basis: an asset