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

question 170

Multiple Choice

Root 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:

Democratic Subjectivism

The belief or principle that individual subjective opinions and preferences should direct democratic decision-making processes and policies.

Good Taste

The ability to make discerning judgments about aesthetic, stylistic, or cultural matters, often associated with politeness, sophistication, or a sense of propriety.

Objectivism

A philosophical system developed by Ayn Rand centered around the advocacy of rational self-interest and individual rights.

Suppressed Thoughts

Ideas or memories that are intentionally or unintentionally kept out of conscious awareness.