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Business, 15.04.2020 17:20 Aurionna101

A manufacturer receives an advance payment for special-order goods that are to be manufactured and delivered within the next year. The advance payment should be reported in the manufacturer’s current-year statement of financial position as a(n) :

a. Contra asset
b. Payable
c. Current Liability
d. Accrued revenue

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A manufacturer receives an advance payment for special-order goods that are to be manufactured and d...
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