Collection of a $500 Accounts Receivable

question 24

Multiple Choice

Collection of a $500 accounts receivable

• A) increases an asset $500; decreases an asset $500.
• B) increases an asset $500; decreases a liability $500.
• C) decreases a liability $500; increases equity $500.
• D) decreases an asset $500; decreases a liability $500.

---

Definitions:

Supply Chain Surplus

The difference between the value generated by the final product to the end consumer and the costs involved in the supply chain.

Fashion Apparel

Clothing and accessories designed and manufactured according to current trends and styles.

Varying Price

A pricing strategy where the price of a product or service changes over time or depending on the situation, often in response to market demand.

Market Segments

Divisions within a broader market, categorized by distinct characteristics such as demographics, needs, or preferences.