Question: Question 40 (2 points) The Securities and Exchange Commission (SEC) has given the task of setting GAAP to the AICPA FASB OIASB 5 18 Question

Question 40 (2 points) The Securities and Exchange Commission (SEC) has
given the task of setting GAAP to the AICPA FASB OIASB 5

Question 40 (2 points) The Securities and Exchange Commission (SEC) has given the task of setting GAAP to the AICPA FASB OIASB 5 18 Question 41 (2 points) Question 41 (2 points) On December 1, Simpson Marketing Company received $3,600 from a customer for a 3-month marketing plan to be completed February 28 of the following year. The cash receipt was recorded as unearned fees. The adjusting entry for the year ended December 31 would include: a credit to Earned Fees for $1,800 a debit to Earned Fees for $3,600. a debit to Unearned Fees for $1,200. a credit to Unearned Fees for $1,200

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