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QUESTION 27 A company ships product to a customer on December 15, 2018 in the amount of $1,000. However, the company does not send the

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QUESTION 27 A company ships product to a customer on December 15, 2018 in the amount of $1,000. However, the company does not send the customer a bill for the product until January 3, 2019. How will this transaction affect the company's financial statements as of December 31, 2018? O a. Debit unbilled revenue for $1,000 and credit revenue for $1,000. O b. Debit accounts receivable for $1,000 and credit revenue for $1,000. O c. Debit Accounts receivable for $1,000 and credit unbilled revenue for $1,000. O d. Debit deferred revenue for $1,000 and credit revenue for $1,000. QUESTION 28 According to the conceptual Framework for Financial Reporting (2010),which of the following is not an enhancing qualitative characteristic of information in financial statements O a. Timeliness O b. Comparability O c. Accuracy O d. Verifiability

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