Answered: For money to accrue to a business, it…

For money to accrue to a business, it needs to: a.Have been earned by the business b.Have been received and earned by the business c.Have been received by the business

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter2: Analyzing Transactions: The Accounting Equation

Section: Chapter Questions

Problem 1TF

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Question

For money to accrue to a business, it needs to:

a.Have been earned by the business

b.Have been received and earned by the business

c.Have been received by the business

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