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BigDog Industries received cash from its customers in exchange for promising to provide services in the next accounting period. Which of the following correctly states
BigDog Industries received cash from its customers in exchange for promising to provide
services in the next accounting period. Which of the following correctly states the impact
the transaction has?
Increase CASH and increase EXPENSES
Increase CASH and increase ACCOUNTS RECEIVABLE
Increase CASH and increase UNEARNED REVENUE
Increase CASF. and increase COMMON STOCK
Increase CASH and increase REVENUE
Increase CASH and increase DIVIDENDS
This is not a recordable transaction
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Auditing and Assurance Services
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
6th edition
978-1259197109, 77632281, 77862341, 1259197107, 9780077632281, 978-0077862343
