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Austin Insurance (AI)earned $10,000 Revenue for Services Provided

Question 54

Multiple Choice

Austin Insurance (AI) earned $10,000 revenue for services provided.Which of the following is correct?


A) AI would credit Accounts Receivable,regardless of the timing of cash receipts.
B) AI would credit Accounts Receivable,but only if cash has not been received.
C) AI would credit Revenue,regardless of the timing of cash receipts.
D) AI would credit Revenue,but only if cash has been received.

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