The ABC Company rents bicycles. Customers pay a deposit. Upon return, the bike is checked for damage and customers may be assessed additional fees. If the customer fails to return the bicycle, ABC...

The ABC Company rents bicycles. Customers pay a deposit. Upon return, the bike is checked for damage and customers may be assessed additional fees. If the customer fails to return the bicycle, ABC charges the cost to replace the bicycle to the same credit card used to rent the bicycle. The revenue cycle REA diagram for ABC would show that each rental event is linked to ____.

a. a minimum of zero return events and a minimum of zero receive cash events


b. a minimum of zero return events and a minimum of one receive cash event


c. a minimum of one return event and a minimum of zero receive cash events


d. a minimum of one return event and a minimum of one receive cash event

Nov 18, 2021
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