Beethoven Company Provided Consulting Services and Billed the Client $3600

question 58

Multiple Choice

Beethoven Company provided consulting services and billed the client $3600. As a result of this event

• A) assets remained unchanged.
• B) assets increased by $3600.
• C) owner's equity increased by $3600.
• D) assets and owner's equity both increased by $3600.

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Definitions:

Division

A method of mathematical operation involving the process of dividing one number by another to determine how many times the divisor fits into the dividend.

Evaluate

The process of assessing or determining the significance, worth, or condition of something, typically by careful appraisal and study.

Fraction

A mathematical expression representing the division of one quantity by another, indicating parts of a whole.

Multiplication

A mathematical operation where a number is added to itself a certain number of times, symbolized by the ‘×’ sign.