Which of the following will have no effect on total assets?
A) Billing a customer for work performed during the current month
B) Receiving cash from a customer to pay for a previously recorded account receivable
C) Receiving cash from a customer for work to be performed next month
D) Receiving cash from a customer for work performed today
Correct Answer:
Verified
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C)Expense
D)Revenue
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B)paid for.
C)used.
D)purchased on account.
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