When Collection Is Made on Accounts Receivable

question 12

Multiple Choice

When collection is made on Accounts Receivable,

• A)total assets will remain the same.
• B)stockholders equity will increase.
• C)total assets will increase.
• D)total assets will decrease.

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Definitions:

Computer Proficiency

The ability to use computers and related technology efficiently, including various software and the internet.

Strong Work Ethic

A value based on hard work and diligence, often characterized by a commitment to completing tasks efficiently and effectively.

Hard-Working

Characteristic of an individual who puts in a great deal of effort and diligence in their tasks.

Honesty

A moral quality comprising the virtues of truthfulness, integrity, and straightforwardness.