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Recognizing revenue on account will cause an increase in the amount of net income shown on the income statement cause a decrease in the amount
Recognizing revenue on account will
cause an increase in the amount of net income shown on the income statement
cause a decrease in the amount of retained earnings shown on the statement of changes in stockholders equity
cause the total assets shown on the balance sheet to decrease
not affect the statement of cash flows
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
12th edition
1259918947, 1260091908, 978-1259918940
