Lincoln Corp received advance payments from customers during 2016 of $10,000 . At December 31, 2016, $1,000 of the advance payments still had not been earned. After the adjustments are recorded and posted at December 31, 2016, the balances in the Unearned Service Revenue and Service Revenue accounts will be Unearned Service Revenue Service Revenue

a.
$ 1,000 $ 9,000

b.
$ 1,000 $10,000

c.
$11,000 $ 1,000

d.
$ 9,000 $10,000


a

Business

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Business

Which of the following is a capital budgeting method that ignores the time value of money?

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Business

A ____________________ is the possibility of a loss or injury if you incur a ____________________. A ____________________ is anything that can cause a loss.

Fill in the blank(s) with the appropriate word(s).

Business

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Business