Question: Which is an accurate statement regarding the balance sheet and income statement effects of accrued revenue? A. Decrease assets and decrease net income B. Decrease

Which is an accurate statement regarding the balance sheet and income statement effects of accrued revenue? A. Decrease assets and decrease net income B. Decrease liabilities and increase net income C. Increase assets and increase net income D. Increase liabilities and increase net income E. I don't know

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