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Sagot :
The correct option is B. A corporation uses cash to pay for an expense when its Total assets will decrease.
When an expense is recorded and paid for in cash, the cash (asset) account decreases, while the amount of the expense decreases the retained earnings account. As a result, there are offsetting declines in the balance sheet's asset and equity sections. When a company receives cash from a customer before providing services, it records it in a liability account called deferred revenue. Revenue cannot be recorded on the income statement until the services are rendered.
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