Collection of a $600 Accounts Receivable

question 33

Multiple Choice

Collection of a $600 accounts receivable

• A) increases an asset $600; decreases a liability $600.
• B) decreases a liability $600; increases shareholders' equity $600.
• C) decreases an asset $600; decreases a liability $600.
• D) has no effect on total assets.

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Definitions:

Nervousness

A feeling of anxiety or apprehension often experienced in anticipation of a specific event or situation.

Internal Integration

The process of ensuring various departments and units within an organization work together seamlessly, sharing information and resources effectively.

External Adaptation

The process through which an organization responds and adjusts to changes in its external environment, including markets, regulations, and cultural shifts.

Organizational Socialization

The process through which new employees learn the attitudes, knowledge, skills, and behaviors required to function effectively within an organization.