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    Financial Accounting Study Set 5
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    Exam 2: Analyzing Business Transactions
  5. Question
    Cash Is Received for Services Not Yet Performed
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Cash Is Received for Services Not Yet Performed

Question 123

Question 123

Multiple Choice

Cash is received for services not yet performed.This transaction affects an asset account and a(n)


A) asset account.
B) liability account.
C) revenue account.
D) expense account.

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