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Additional Details I only need about $1000. I am using this
to fund my plan for my network marketing
business. I can do this and make money
on the side. Do you know ...
How do i work out the opening cash balance in regards to this cash budget? Please click on the link.
http://i194.photobucket....
Tom
Recognition of revenue may result in which of the following?
Recognition of revenue may result in which of the following?
A) a decrease in a liability
B) an increase in a liability
C) an increase in assets
D) A and C
Please help Additional Details I thought C, too. However, wouldn't the liabilities (unearned revenue) also increase when the Assets increase?
About your 'additional details', the question specifically states 'recognition of revenue', therefore, asset and liabilities shouldn't go together. It is just either asset and revenue or liability and revenue.