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Posted on Jul 07, 2024

Big Furniture Store Inc sells service contracts. The contract states Big Furniture will perform specific repairs on covered appliances. The contracts vary in length from

Big Furniture Store Inc sells service contracts. The contract states Big Furniture will perform specific repairs on covered appliances. The contracts vary in length from 12 to 36 months. As the contract obligations are realized, what occurs to each account

Deferred Revenue

Service Revenue

A.

Increase

Increase

B.

Decrease

Increase

C.

Decrease

Decrease

D.

Increase

Decrease

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