A). TRR Ltd sold some of its products to customers on December 30, 2019. Total sales price was $8,000; payment for the products is due 30 days from delivery. TRR borrowed $8000 in 2018 to pay for for the products sold. The MOST LIKELY net change in TRRs assets as of December 31, 2019 as a result of this transaction is:

a. $10,000 ,b. $2000 ,c. $8000 ,d. -0-

15. Cash received by a company prior to its delivery of goods to a customer is MOST LIKELY recorded when received as:
    1. Deferred revenue, an asset
    2. Deferred revenue, a liability
    3. Deferred revenue, an income statement item
    4. Sales, an income statement item