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Match each situation below to two applicable reasons that require an adjustment to be made. A. Revenue has been generated. B. Expense has been
Match each situation below to two applicable reasons that require an adjustment to be made. A. Revenue has been generated. B. Expense has been incurred. C. Liability has been incurred. D. Liability has been fulfilled. E. Asset has been acquired. F. Asset has been used up. Situation 1. Delta Airlines provided flights this month for customers who paid cash last month for tickets. 2. GSD+M completed work on an advertising campaign that will be collected next month. 3. Snap received a telephone bill for services this month, which must be paid next month. 4. The Tiger Woods Foundation used up some of the benefits of its 35,000-square-foot building. Reasons
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