What Is the Effect on the Accounting Equation When a Company

question 16

Multiple Choice

What is the effect on the accounting equation when a company recognizes rent as earned that had previously been received in advance from customers?

• A)Expenses increase
• B)Revenues decrease
• C)Liabilities increase
• D)Net income increases

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Suppression

The act of stopping or reducing an activity or process, often used in the context of data handling to remove or hide certain information.

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A level of qualification, intensity, or measurement that is considered average or moderate.

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