What Effect Does the Earning of Revenue Previously Collected Have

question 108

Multiple Choice

What effect does the earning of revenue previously collected have on the basic accounting equation? Assume Unearned Revenue had been increased when the cash was collected in advance.

• A)Increase in assets,decrease in liabilities
• B)Decrease in assets,decrease in liabilities
• C)Decrease in liabilities,increase in stockholders' equity
• D)Decrease in assets,decrease in stockholders' equity
• E)Increase in assets,increase in stockholders' equity

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Definitions:

Supportive Therapy

A therapeutic approach focusing on reinforcing a person's existing coping mechanisms and providing emotional support, often used in managing stress, anxiety, and depressive symptoms.

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A statistical method that combines the results of multiple scientific studies to arrive at a comprehensive conclusion about a particular research question or topic.