Comstock Company Provided Consulting Services and Billed the Client $2,500

question 140

Multiple Choice

Comstock Company provided consulting services and billed the client $2,500. As a result of this event

• A) assets remained unchanged.
• B) assets increased by $2,500.
• C) equity increased by $2,500
• D) Both assets and equity increased by $2,500.

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Definitions:

Interconnected

The state or condition of being connected with each other, especially referring to systems, objects, or concepts that are linked in a complex way.

Michel Foucault

A French philosopher and social theorist known for his influential work on the nature of power, knowledge, and social institutions.

Autonomous

Having the ability or right to govern oneself or make decisions independently, without external control.

Michel Foucault

A French philosopher, historian of ideas, social theorist, and literary critic known for his influence on postmodernist and critical theory, especially concerning power, knowledge, and discourses.