Question
Which of the following illustrates how the recognition of revenue earned on account affects the financial statements? Balance Sheet Income Statement Statement of Cash Flows
Which of the following illustrates how the recognition of revenue earned on account affects the financial statements?
| Balance Sheet | Income Statement | Statement of Cash Flows | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | = | Liabilities | + | StockholdersEquity | Revenve | Expense | = | Net Income | |||
| A. | + | + | |||||||||
| B. | + | + | + | + | |||||||
| C. | + | OA | |||||||||
| D. | + | + | + | +OA | |||||||
Multiple Choice
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Option A
-
Option B
-
Option C
-
Option D
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Financial Accounting
Authors: Charles Horngren, William Thomas, Walter Harrison, Greg Berberich, Catherine Seguin
5th Canadian edition
133472264, 978-0133446265, 133446263, 978-0133472264
