Recognition of revenue may be accompanied by which of the following?
A. A decrease in a liability.
B. An increase in a liability.
C. An increase in an asset.
D.An increase in an assetor a decrease in a liability.
Answer:D
Recognition of revenue may be accompanied by which of the following?
A. A decrease in a liability. B. An increase in a liability. C. An increase in an asset. D.An increase in an assetor a decrease in a liability.