On March 2, 2020, Lang Company Provided Snow Removal Services

question 137

Multiple Choice

On March 2, 2020, Lang Company provided snow removal services to a customer for $1,000 cash. What is the impact of this transaction on the net assets of Lang?

• A) No impact
• B) Decrease of $1,000
• C) Increase of $1,00
• D) Increase of $2,000
• E) Decrease of $2,000

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