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24 of 25 MISC Company received 5000 in payments from clients for services provided and billed in a previous month. Under Accrual accounting basic, the

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24 of 25 MISC Company received 5000 in payments from clients for services provided and billed in a previous month. Under Accrual accounting basic, the net effect of this transaction is? The effect 5000 increase in revenues. The effect Zero in asset. O The effect 5000 increase in asset. O None of the above

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