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:

Produced Tag

In industrial automation, a tag that is created and made available by one device for use by another, typically in a producer/consumer model.

Structure Type Tag

A label or identifier used in programming to define complex data types that consist of multiple elements or fields.

Data Structure

An organized method of storing and organizing data in a computer so that it can be accessed and modified efficiently.

User-Defined

Pertains to features, functions, or data specified or created by the user, as opposed to being predefined by software or hardware.