Question
On 11/1/2020, your company recorded the following journal entries: DR: Cash......... $5000 CR: Deferred Revenue ..... $5000 What is the impact of these journal entries
On 11/1/2020, your company recorded the following journal entries:
DR: Cash......... $5000
CR: Deferred Revenue ..... $5000
What is the impact of these journal entries on the financial statement ratios for the year ended 12/31/2020?
a) the current ratio will change
b) the quick ratio will change
c) the debt to equity ratio will increase
d) the return on equity will increase
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Cost Accounting
Authors: James A. Cashin, Ralph S. Polimeni, Sheila Handy
3rd Edition
0070110263, 9780070110267
