The Adjustment to Record the Completion of Services for Which

question 90

Multiple Choice

The adjustment to record the completion of services for which clients had paid in advance would involve which of the following?

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

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Definitions:

Development Tool

A development tool is any resource, methodology, or software that is used to facilitate the growth or progress of individuals, organizations, or systems.

Clear Communication

The process of conveying messages or information in a way that is easily understandable, direct, and unambiguous to the recipient.

Bill Gates

Co-founder of Microsoft Corporation and a prominent philanthropist, known for his contributions to technology and global health initiatives.

Leadership Skill

The ability to inspire, influence, and guide others towards achieving collective goals.