At Westonci.ca, we connect you with the best answers from a community of experienced and knowledgeable individuals. Explore our Q&A platform to find in-depth answers from a wide range of experts in different fields. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.
Sagot :
The correct option is B. A corporation uses cash to pay for an expense when its Total assets will decrease.
When an expense is recorded and paid for in cash, the cash (asset) account decreases, while the amount of the expense decreases the retained earnings account. As a result, there are offsetting declines in the balance sheet's asset and equity sections. When a company receives cash from a customer before providing services, it records it in a liability account called deferred revenue. Revenue cannot be recorded on the income statement until the services are rendered.
To learn more about expense please click on below link
https://brainly.com/question/14514813
#SPJ4
Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Get the answers you need at Westonci.ca. Stay informed with our latest expert advice.
