Use the Following Information for Questions Below

question 14

Multiple Choice

Use the following information for questions below
During a recent week, McMunn Legal Services received $25,000 cash from clients for services performed with a total value of $75,000. The balance is to be received within 30 days.
-The effect on the Statement of Financial Position equation for this transaction would be

• A)+ $25,000 cash = - $50,000 accounts payable + $75,000 retained earnings.
• B)+ $25,000 cash - $50,000 accounts receivable = $75,000 retained earnings.
• C)+ $25,000 cash + $50,000 accounts receivable = + $75,000 retained earnings.
• D)+ $25,000 cash = + $25,000 retained earnings.

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Definitions:

Individual Characteristics

Unique attributes, traits, or behaviors that distinguish one person from another.

Home Care Service

Assistance and healthcare services provided in a patient's home to aid in recovery, daily living, or palliative care.

Dressing Changes

The practice of replacing wound coverings to promote healing and prevent infection.

Family Environment

The social and emotional climate of a family, including relationships among family members, and the structure and dynamics of the household.