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Question 6 (1 point) Which of the follwoing statements are True about accounts receivable? (check all the correct options) b O. Accounts Receivable in increased
Question 6 (1 point) Which of the follwoing statements are True about accounts receivable? (check all the correct options) b O. Accounts Receivable in increased with credit Accounts receivable is increased when credit sales are made Accounts Receivable is classified as an asset accounts receivable decreases with payments from customer d Question 7 (1 point) Which of the following is not considered as an example of adjusting entry? an entry to recognize expense from prepaid expense an entry to accrue uncollected revenue an entry to convert an asset to a liability an entry to record the revenue from unearned revenue d Question 8 (1 point) Unearned Revenues are O revenues that have been earned and received revenues that are not earned and not received revenues that are not earned but received revenues that have been earned and to be received Question 9 (1 point) The right side of a T-Account is a(n) a b account balance credit debit decrease Question 10 (1 point) Arrange the following financial statements in the order that they are prepared a. Statement of Cash Flows b. Statement of Profit or Loss c. Statement of Financial Position d. Statement of Changes in Equity a O b,d,c,a a,b,c,d b,a,c,d od b,c,d, a
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