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