Which af the following transact ons and events results in an increase in iabiites and a...

 

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Which af the following transact ons and events results in an increase in iabiites and a decreaze in net income? Adjustment of the unearned revenue account for revenue carmed during the perod. Collecting cash from a cuetomer for eervices to be provided in the future. The accrual of wases experee at year-end. The socrual of revenue esrned at yeer-end. QUESTION 40 Which of the toiloraing tranaactons results in an increase in both nat inoame enci stookhoders' equity? Tha nocnal of intereet exparse yaar-ena. Calacting cash from a customer for services ta be provided in the future. Adjustment of the unsarmod mverun acnount for ravanue camad during the parod. Paying csh to arquire a six-menth insurance poiey. QUESTION 41 which ot the toitontng woula not be reported n the oparating act vites section of the statement of cash fows, wnich nas been prepared usng the indirect method? Net income. Cash paid tor inooma taxas. Depracietion expenae, Sales on account which hava net yat been coloctnd. QUESTION 42 Which ane of the folowng accounts woud not be closed al the end of the accounting year? Ulilties expense Visgan experse. Selee revenue. Prapad rant axparse. Which af the following transact ons and events results in an increase in iabiites and a decreaze in net income? Adjustment of the unearned revenue account for revenue carmed during the perod. Collecting cash from a cuetomer for eervices to be provided in the future. The accrual of wases experee at year-end. The socrual of revenue esrned at yeer-end. QUESTION 40 Which of the toiloraing tranaactons results in an increase in both nat inoame enci stookhoders' equity? Tha nocnal of intereet exparse yaar-ena. Calacting cash from a customer for services ta be provided in the future. Adjustment of the unsarmod mverun acnount for ravanue camad during the parod. Paying csh to arquire a six-menth insurance poiey. QUESTION 41 which ot the toitontng woula not be reported n the oparating act vites section of the statement of cash fows, wnich nas been prepared usng the indirect method? Net income. Cash paid tor inooma taxas. Depracietion expenae, Sales on account which hava net yat been coloctnd. QUESTION 42 Which ane of the folowng accounts woud not be closed al the end of the accounting year? Ulilties expense Visgan experse. Selee revenue. Prapad rant axparse.

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39 The correct option is Adjustment of Unearned Revenue account for revenue earne... View the full answer