Question: Noodlecake signs a contract with an independent developer for program code for a game app, which will not be received until two months from the

Noodlecake signs a contract with an independent developer for program code for a game app, which will not be received until two months from the signing of the contract. This event Blank

______.

Multiple choice question.

causes liabilities to decrease

causes assets to increase

causes stockholders' equity to decrease

is an exchange of promises and thus is not a transaction

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