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Which of the following transactions and events results in an increase in liabilities and a decrease in net income? Multiple Choice The accrual of wages
Which of the following transactions and events results in an increase in liabilities and a decrease in net income?
Multiple Choice
The accrual of wages expense at yearend.
Collecting cash from a customer for services to be provided in the future.
The accrual of revenue earned at yearend.
Adjustment of the unearned revenue account for revenue earned during the period.
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