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Save & Exit Harris Company recognizes sales revenue from selling inventory for $2,000 cash. Note that Harris is only recording the sales revenue part of
Save & Exit Harris Company recognizes sales revenue from selling inventory for $2,000 cash. Note that Harris is only recording the sales revenue part of the transaction and not the cost of goods sold. Which of the following answers reflects the effect of the sales revenue on the financial statements? + Statement of Cash Flows 2,000 OA Balance Sheet Income Statement Assets - Liabilities A. 2,000 B. (2,000) Stockholders' Equity 2,000 (2,000) Revenue Expense Net Income 2,000 2,000 c. 2,000 2,000 n/a 2,000 2,000 + 2,000 n/a 2,000 2,000 OA D. (2,000) n/a (2,000) n/a 2,000 (2,000) (2.000) O n/a n/a Multiple Choice Option B Option D Option A Submit Save & Exit Harris Company recognizes sales revenue from selling inventory for $2,000 cash. Note that Harris is only recording the sales revenue part of the transaction and not the cost of goods sold. Which of the following answers reflects the effect of the sales revenue on the financial statements? + Statement of Cash Flows 2,000 OA Balance Sheet Income Statement Assets - Liabilities A. 2,000 B. (2,000) Stockholders' Equity 2,000 (2,000) Revenue Expense Net Income 2,000 2,000 c. 2,000 2,000 n/a 2,000 2,000 + 2,000 n/a 2,000 2,000 OA D. (2,000) n/a (2,000) n/a 2,000 (2,000) (2.000) O n/a n/a Multiple Choice Option B Option D Option A Submit
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