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This month, a company performed $527,000 of services and incurred total expenses of $439,000. The company was paid in cash for all its services and
This month, a company performed $527,000 of services and incurred total expenses of $439,000. The company was paid in cash for all its services and paid cash for all its expenses. These transactions would cause: Multiple Choice revenues to increase by $527,000, expenses to increase by $439,000, and retained earnings to decrease by $88,000 revenues to increase by $88,000, expenses to increase $439,000, and cash to increase by $527,000. revenues to increase by $527,000, expenses to increase by $439,000, and cash to increase by $88,000
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