题目
题目

BU.210.620.W5.FA24 Quiz I

多重下拉选择题

For each of the following transactions, indicate whether the total effect of the transaction results in an increase, decrease, or has no effect on assets, liabilities, equity, and net income. Each box must have an answer to get credit. a) Recognized $8,000 of Selling, General & Administrative expense, of which $2,500 was paid in cash Assets Liabilities Equity Net Income increase [ Select ] increase decrease no effect [ Select ] increase decrease no effect increase

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思路分析
To analyze the single transaction, start by identifying what occurred: recognizing 8,000 of Selling, General & Administrative expense, with 2,500 paid in cash. This is an accrual-type entry where part of the expense is settled in cash and the remainder creates a liability. ......Login to view full explanation

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