On March 15, a company receives a $25,000 cash advance deposit from a customer. However, the company does not deliver the goods until April 20. Which of the following statements is true?
A. Cash will be reported on the statement of cash flows for the month of March
B. Revenue will be recorded and reported on the income statement for April
C. A liability will be reported on the balance sheet at the end of March
D. All of the above are true
Ans: D. All of the above are true
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Fill in the blanks with correct word.
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Identify the basic communication objective that is most important in this situation, and suggest a way Nissin could address that objective.