A company collected 10000 cash from a customer as a deposit


A company collected $10,000 cash from a customer as a deposit for goods that will be shipped next quarter. Which of the following items would be increased by this cash collection transaction? (check all that apply)

Cost of Goods Sold

Total Stockholders’ Equity

Advances from Customers

Cash

Revenue

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Financial Management: A company collected 10000 cash from a customer as a deposit
Reference No:- TGS01242864

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