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sos For each event on the left, indicate the effect on Net Income (increase, decrease, no effect) A company accrues interest income on a CD
sos For each event on the left, indicate the effect on Net Income (increase, decrease, no effect) A company accrues interest income on a CD that will mature in 3 months A. No effect A company records a write-down of inventory to lower-of-cost-or-market. B. Increase A company pays an invoice for inventory delivered earlier in the month. cDecrease A company declares but does not pay dividends. A company receives cash from a customer for services to be provided next month. A company recognizes amortization expense on an acquired patent A company provides services to a customer who paid in advance last month, A company pays employees for labor provided this month
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