ABC Company received very positive media success. Management of ABC Company believes the positive press...
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Accounting
ABC Company received very positive media success. Management of ABC Company believes the positive press will have the effect of doubling its sales in the next year. Due to this positive media attention, how is the accounting equation impacted? Select one: Accounts receivable is increased and revenue is increased Accounts receivable is increased and unearned revenue is increased Unearned revenue is decreased and revenue is increased No accounts are impacted; this is a nonrecordable transaction
ABC Company received very positive media success. Management of ABC Company
believes the positive press will have the effect of doubling its sales in the next year. Due to
this positive media attention, how is the accounting equation impacted?
Select one:
Accounts receivable is increased and revenue is increased
Accounts receivable is increased and unearned revenue is increased
Unearned revenue is decreased and revenue is increased
No accounts are impacted; this is a nonrecordable transaction
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