When the amount of revenue collected in advance decreases during an accounting period: (A) Accrual-basis revenues exceed cash collections from customers. (B) Accrual-basis net income exceeds cash-basis net income. (C) Accrual-basis revenues are less than cash collections from customers. (D) May exceed, equal or be less than cash payments to suppliers.
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Home » Business » When the amount of revenue collected in advance decreases during an accounting period: (A) Accrual-basis revenues exceed cash collections from customers. (B) Accrual-basis net income exceeds cash-basis net income.