Welson, Inc., a music group, entertained at a black-tie dinner dance on July 26, and c
A、Causes an increase in assets and revenue, as well as an increase in owners' equity.
B、Causes an decrease in assets and a decrease in owners' equity.
C、Causes an increase in assets and a decrease in owners' equity.
D、Violates the matching principle unless any expenses associated with this cash receipt are paid prior to recording the revenue.