Carrington & Co rented office space to a tenant on January 31 and received a total of $9,000 for the first three months of rent. The amount was recorded as Rent Collected in Advance when received. Adjustments are recorded only at the end of every quarter. What effect does the adjustment at March 31 have on Carrington's net income for the quarter ending March 31?
a. Increase by $9,000
b. Decrease by $6,000
c. Decrease by $3,000
d. Increase by $6,000
d
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The production facility for ABC Manufacturing is located in a flood plain. Although the risk of flood is low, ABC's risk manager is concerned that a flood could damage the plant and equipment
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The proactive management of resources in an effort to be environmentally friendly is called
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