In April, Seller Company sells to a customer "on account." In May, Seller Company collects from the customer. Which one of the following statements is true regarding the entry Seller Company would make in May?
A) The entry would increase total revenues.
B) The entry would increase total expenses.
C) The entry would increase total liabilities.
D) The entry would increase total assets.
E) None of the above is correct
Ans: E) None of the above is correct
Business
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Some fundamental concepts that nonfinancial managers need to understand include:
A) the ability to assess day-to-day cash management. B) the ability to assess future financing requirements. C) the ability to understand the role of capital markets in raising long-term funds. D) All of the above.
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One mechanism that unauthorized users may deploy to break into a network is through a process called "MAC spoofing."
Indicate whether the statement is true or false
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