Multiple Choice
In August, Falcon Inc.received cash in advance of rendering services to its clients.If only a few of those services were provided by December 31, the year-end adjustment would:
A) increase unearned revenue and decrease revenue.
B) increase accounts payable and decrease revenue.
C) increase cash and decrease accounts receivable.
D) decrease unearned revenue and increase revenue.
Correct Answer:
Verified
Correct Answer:
Verified
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