A newspaper ad submitted and published this week, with the agreement to get paid for it next week would, in the newspaper's records:
A)increase assets and increase revenues.
B)increase assets and decrease liabilities.
C)increase assets and increase expenses.
D)have no effect on total assets.

Question

Quizplus · Accepted Answer

The newspaper has increased its assets by the amount of the ad revenue, and has increased its revenues by the same amount.

A Newspaper Ad Submitted and Published This Week, with the Agreement