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During Northwest Security Services' 2021 fiscal year, customers pay $980 in cash for security services of which Northwest Security Services will provide 20% of the
During Northwest Security Services' 2021 fiscal year, customers pay $980 in cash for security services of which Northwest Security Services will provide 20% of the security services immediately, 30% the following year, and the remaining 50% two years from now. In addition, Northwest Security Services incurs $600 of expenses during the 2021 fiscal year of which it immediately pays cash for 60% of that value with the remaining portion on account. By how much do the above transactions incrementally change the following accounts on Northwest Security Services' balance sheet during the 2021 fiscal year? Total assets ANSWERS Total liabilities Total shareholders' equity $
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