Performing services on account would:
A) increase assets and liabilities
B) increase assets and decrease shareholders' equity
C) increase revenue and decrease shareholders' equity
D) increase net income and shareholders' equity
Correct Answer:
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Q2: The purchase of land for cash would:
A)
Q4: Purchasing supplies and paying cash for them
Q4: An accounts receivable represents the promise of
Q5: A record of all the changes in
Q6: Paying a utility bill when received would:
A)
Q7: Prepaid rent is an expense because the
Q7: All of the following accounts would be
Q9: List the types of accounts that appear
Q10: An owner investment of a building,valued at
Q11: Receiving a payment from a customer on
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