Multiple Choice
Guadalupe Company sold stock for cash and received cash for services performed during the current month.Which of the following summarizes the income statement impact of these transactions for the current month?
A) Both the sale of stock and the performance of services increased revenues for the company.
B) Only the performance of services caused an increase in revenues.
C) Only the performance of services caused a decrease in revenues.
D) Only the sale of stock caused revenues to increase.
Correct Answer:
Verified
Correct Answer:
Verified
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