Answer this tanks Orange Co. sold six advertising spaces forP400 each, to be run in the November 2010through April 2011 issues. Orange creditedUnearned Advertising for P2, 400 onNovember 1. If Orange's year end isDecember 31, which of the following wouldbe reflected in Orange's 2010 incomestatement? *O Revenues of P800O Unearned Revenues of P800O Revenues of P1, 600O Unearned Revenues of P1, 600Rendering services on account will causetotal assets, total liabilities and total owners'equity to: *Remain unchanged, remain unchanged andremain unchanged, respectivelyRemain unchanged, decrease, and increaserespectivelyIncrease, remain unchanged, and remainedunchanged, respectivelyIncrease, remain unchanged and increase,respectively

Computation Analysis of Options Revenue of P 800 - This is the correct answer as we have seen in…

Answered: Orange Co. sold six advertising spaces…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.2.2P

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