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Multiple choice question about the accounting term used

Young Associates sold business services to another organization. As a result, Young's assets increased. Which accounting term best describes the concept involved in this situation?

A) Financing activity.
B) Liability.
C) Revenue.
D) Dividends.

Please select one of the answers stated above.

Solution Preview

This is an example of Revenue (C).
It is the business of Young Associates to render ...

Solution Summary

Answers a multiple choice question about the accounting term used when business services are sold to another organization.

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