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17 ABC, Inc sold 200 tickets for a flight to Costa Rica. Each passenger paid S 200 per ticket. The plane was damaged mechanics and

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17 ABC, Inc sold 200 tickets for a flight to Costa Rica. Each passenger paid S 200 per ticket. The plane was damaged mechanics and the airline had to cancel that flight. 100 of the passengers could be assigned another flight by 15 December 2019. The rest of the passengers were given a credit with the airline to make a flight that they must make in next six months. As of December 31, 2019, none of those passengers with credit to fly another flight had redeemed. How will that credit be reflected in ABC, Inc.'s financial statements? Multiple Choice Ask 02 As an intangible asset. J As unearned or deterred income (trom forred revenue). Like an account receivable Like a long-term debt. Clerre entries at the end of the accounting period result in: 28 points Mutiple Choice 00 3037 zero real account balances Cpermanen). A C# make some additional adjustment entries. transfer the balance of the Dividendos account to the Capital Stock account ("Capital Stock). O to zero the balances of the accounts tenporeras or nominal ("temporary)

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