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Lawyers Inc. accepted a $12,000 retainer for which the company agreed to provide services in the future. Recognizing this event would defer the recognition of

Lawyers Inc. accepted a $12,000 retainer for which the company agreed to provide services in the future. Recognizing this event would

defer the recognition of revenue. cause the company's assets to increase. cause the company's liabilities to increase. All of the answers are correct.

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