VanGessel Law Firm collected cash advances of $18,300,000 from its clients during the current year. The adjusted balance in the Deferred revenue account increased from $4.0 million to $9.7 million dollars during the year. What is VanGessel's revenue recognized for the current year? Multiple Choice $8,600,000 $18,300,000 $24,000,000 $12,600,000 How many of the following transactions would increase total shareholders' equity in the current period? Declare and pay dividends to shareholders on the same date Delay payment on supplies purchased until the following period Provide services on account to customers Borrow cash from a local bank Multiple Choice One Three Four Two Tillman sells fast-food franchises. Tillman receives $79,000 from a new franchisee for providing initial training, equipment, and furnishings that together have a stand-alone selling price of $79,000. Tillman also receives $37,200 per year for use of the Tillman name and for ongoing consulting services (starting on the date the franchise is purchased). Alice became a Tillman franchisee on March 1, 2024, and on May 1, 2024 Alice had completed training and was open for business. How much revenue in 2024 will Tillman recognize for its arrangement with Alice? Multiple Choice $116,200 $79,000 $0 $110,000