Question: Why will the transaction increase total liabilities? ansactions occur at The Cheesecake Factory Incorporated each year. The following items are examples of hypothetical Cheesecake Factory

Why will the transaction increase total liabilities? ansactions occur at The

Why will the transaction increase total liabilities?

ansactions occur at The Cheesecake Factory Incorporated each year. The following items are examples of hypothetical Cheesecake Factory transactions: (Click the icon to view the transactions.) In February 20 , Cheesecake Factory sold $1,000 of Cheesecake Factory gift cards. How will Cheesecake Factory's total liabilities be impacted by this transaction? A. Will decrease total liabilities B. Will increase total liabilities C. Total liabilities will not be impacted by this transaction D. Not enough information given to determine impact on total liabilities

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