The Entry to Recognize Work Completed on Unearned Revenue Involves

question 38

Multiple Choice

The entry to recognize work completed on unearned revenue involves which of the following?

• A)An increase in assets and a decrease in liabilities
• B)An increase in liabilities and a decrease in equity
• C)A decrease in assets and a decrease in liabilities
• D)A decrease in liabilities and an increase in equity

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