Question: 3.8 Adjustments to decrease revenues received in advance: LO4 (a) decrease liabilities and increase revenues. (b) increase liabilities and increase revenues. (c) increase assets and

3.8 Adjustments to decrease revenues received in advance: LO4

(a) decrease liabilities and increase revenues.

(b) increase liabilities and increase revenues.

(c) increase assets and increase revenues.

(d) decrease revenues and decrease assets.

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