Question
D Question 9 2 pts Due to COVID-19, Harry Potter Company plans to file for bankruptcy and liquidate all assets within the month. Which generally
D Question 9 2 pts Due to COVID-19, Harry Potter Company plans to file for bankruptcy and liquidate all assets within the month. Which generally accepted accounting principle will be most at issue by Harry Potter Company's plans to liquidate the business within the month? O Periodicity Assumption O Monetary Unit Assumption O Economic Entity Assumption O Going Concern Assumption D Question 10 2 pts Houston Ice Arena uses accrual accounting and issues monthly financial statements. During November 2020, the arena provides $50,000 of ice time to skaters. If Houston bills the skaters in December 2020, the ice arena should prepare O an unearned revenue adjusting entry at November 30. O an accrued revenue adjusting entry at December 31. O an accrued revenue adjusting entry at November 30. O an unearned revenue adjusting entry at December 31
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