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#16. When revenue is accrued, what is the effect on assets and income, respectively? A. Both increase. B. Both decrease. C. Assets increase; income decreases.

#16. When revenue is accrued, what is the effect on assets and income, respectively?

A. Both increase.

B. Both decrease.

C. Assets increase; income decreases.

C. Assets decrease; income decreases.

I believe it is A?

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