Multiple Choice
A-Day Spa accepted a cheque from a customer as payment for services.The customer's cheque bounced.What is the treatment required on the company's books as a result of this item?
A) a decrease of total assets
B) no net impact on shareholders' equity
C) a decrease of total liabilities
D) no net impact on total assets
Correct Answer:
Verified
Correct Answer:
Verified
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