Question: A company receives a ( $ 2 5 , 0 0 0 ) cash deposit from a customer on March 1 5
A company receives a $ cash deposit from a customer on March th but will not deliver the goods until April th Which of the following statements are true? Select one or more:a Cash will be reported on the statement of cash flows for April.b Revenue will be recorded and reported on the income statement for April.c A liability will be reported on the balance sheet at the end of March.d A noncash asset will be reported on the balance sheet at the end of March.
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