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Which of the following transactions and events results in an increase in liabilities and a decrease in net income? a.The accrual of salaries expense at
Which of the following transactions and events results in an increase in liabilities and a decrease in net income?
| a.The accrual of salaries expense at year-end. | |
| b. | Collecting cash from a customer for services to be provided in the future. |
| c. | The accrual of revenue earned at year-end. |
| d. | Adjustment of the unearned revenue account for revenue earned during the period. |
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