Match each situation below to two applicable reasons that require an adjustment to be made. . Delta
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. Delta Airlines provided flights this month for cus- A. Revenue has been earned. tomers who paid cash last month for tickets. paign that will be collected next month vices this month, which must be paid next month the benefits of its 35,000-square-foot building. B. Expense has been incurred. 2. GSD + M completed work on an advertising cam C. Liability has been incurred. D. Liability has been fulfilled. E. Asset has been acquired. 3. Abercrombie received a telephone bill for ser- 4. The Tiger Woods Foundation used up some of ion used up some of Asset has been used u
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Related Book For
Fundamentals of Financial Accounting
ISBN: 978-0078025914
5th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
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