Assets are something of value that the business owns or has control of

Which of the following does US GAAP not consider to be an objective segment reporting?

A. it helps users better understand the enterprises performance B. it helps users better assess the enterprises prospects for future cash flows C. it helps users make more informed judgement about the enterprise as a whole D. it helps users make comparisons between a segment of one enterprise and a similar segment of another enterprise

A business renders services to a customer for $26,000 on account. Which of the following accounts is credited?

A) Cash B) Accounts Receivable C) Service Revenue D) Accounts Payable