Which of the following transactions and events results in an increase in liabilities and a decrease in net income? A. The accrual of wages expense at year-end. B. Collecting cash from a customer for services to be provided in the future. C. The accrual of revenue earned at year-end. D. Adjustment of the unearned revenue account for revenue earned during the period
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Home » Business » Which of the following transactions and events results in an increase in liabilities and a decrease in net income? A. The accrual of wages expense at year-end. B. Collecting cash from a customer for services to be provided in the future. C.