Receiving Cash from a Customer in Payment of an Account

question 146

Multiple Choice

Receiving cash from a customer in payment of an account receivable would:

• A)decrease total assets and increase owner's equity.
• B)increase owner's equity and increase liabilities.
• C)increase total assets and decrease liabilities.
• D)have no effect on total assets or owner's equity.

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Definitions:

Hypertension

A chronic medical condition where blood pressure in the arteries is persistently elevated, requiring management to prevent further health complications.

Blood Pressure

The force exerted by circulating blood on the walls of the body's arteries, a critical parameter in assessing cardiovascular health.

Secondary Prevention

Efforts and interventions aimed at early detection and prompt treatment of disease or injury to prevent more severe problems developing.

Congestive Heart Failure

A chronic condition in which the heart is unable to pump blood effectively enough to meet the body's needs, leading to symptoms such as shortness of breath and swelling.