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A company receives cash for services to be performed in the future. How will this transaction affect (1) assets, (2) liabilities, and (3) stockholders'
A company receives cash for services to be performed in the future. How will this transaction affect (1) assets, (2) liabilities, and (3) stockholders' equity? O (1) Decrease, (2) No Effect, (3) Decrease O (1) Decrease, (2) Decrease, (3) No Effect (1) Increase, (2) No Effect, (3) Increase O (1) Increase, (2) Increase, (3) No Effect D Question 2 2.5 pts A company provides services on account. How will this transaction affect (1) assets, (2) stockholders' equity, and (3) revenues? O (1) No effect, (2) No effect, (3) No effect O (1) Increase, (2) Increase, (3) Increase O (1) Increase, (2) No effect, (3) Increase O (1) No effect, (2) Increase, (3) Increase
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