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Wild Wind Cafeacute owns a sports bar in Portland. During a Super Bowl football game, one of the customers punched a hole in the wall
Wild Wind Cafeacute owns a sports bar in Portland. During a Super Bowl football game, one of the customers punched a hole in the wall when his favorite team fumbled the ball. Wild Wind Cafeacute paid S150 to repair the hole. How should Wild Wind Cafeacute account for the cost of repair? Select one: Add the cost to the 'Building' account. Recognize the cost as repair and maintenance expense. No recording is necessary since the customer will be charged for the damage. Recognize the cost as a reduction of sales revenue
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