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:

Air Pollution

The presence of harmful or excessive quantities of substances in the air, including gases, particulates, and biological molecules, that pose risks to health and the environment.

Climate Change

Long-term alterations in temperature, precipitation, and weather patterns, largely due to human activities like fossil fuel combustion, leading to global warming and other environmental impacts.

Global Warming

The gradual increase in Earth's average surface temperature due to the accumulation of greenhouse gases in the atmosphere, largely caused by human activities.

CO₂

Carbon dioxide (CO₂) is a colorless gas composed of one carbon and two oxygen atoms, widely known for its role in the Earth's atmosphere and as a greenhouse gas.