a-company-provides-services-worth-4000-in-december-to-be-paid-in-january-what-is

Question

A company provides services worth $4,000 in December, to be paid in January. What is the impact on the income statement for December?

Accepted Answer

Revenue increases by $4,000.

Answer

Expenses decrease by $4,000.

Answer

Revenue decreases by $4,000.

Answer

Expenses increase by $4,000.

A company provides services worth \$4,000 in December, to be paid in January. What is the impact on the income statement for December?