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In early December, the Snowland Resort was paid $1,600 by a company to host its holiday party that month. In addition to receiving the cash,

In early December, the Snowland Resort was paid $1,600 by a company to host its holiday party that month.

In addition to receiving the cash, the $1,600 is considered which of the following?

  • Equity
  • Revenue
  • Profit
  • Expense

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