When the company uses the single step of income statement the other revenue will deduct from the net operating income True O False
When the company uses the single step of income statement the other revenue will deduct from the net operating income True O False
Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter9: Auditing The Revenue Cycle
Section: Chapter Questions
Problem 3TFQ
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Question
![When the company uses the single step of income statement the other revenue
will deduct from the net operating income
True
O False](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa1c3afbf-0e90-4aa3-9fa7-d9bc8e617f62%2Ff0e8807f-66be-4d29-8462-71a7992996f4%2F4zec1o_processed.png&w=3840&q=75)
Transcribed Image Text:When the company uses the single step of income statement the other revenue
will deduct from the net operating income
True
O False
![The adjusting entry of unearned service revenue will decrease the liabilities
True
False](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa1c3afbf-0e90-4aa3-9fa7-d9bc8e617f62%2Ff0e8807f-66be-4d29-8462-71a7992996f4%2Fbfqz2ud_processed.png&w=3840&q=75)
Transcribed Image Text:The adjusting entry of unearned service revenue will decrease the liabilities
True
False
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