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Which One of the Following Adjustments Decreases Net Income for the Period

Question 55

Multiple Choice

Which one of the following adjustments decreases net income for the period?


A) Recognition of depreciation on plant assets
B) Recognition of interest earned on a note receivable
C) Recognition of services that had been provided to customers but the cash has not yet been received
D) Recognition of rent earned that had been received in advance from customers

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