During 2019,Ocean Consulting Had the Following Transactions with It Clients

question 187

Multiple Choice

During 2019,Ocean Consulting had the following transactions with it clients (customers) : On February 1,2019,the company received cash of $10,000 from clients in payment of their account balances as of December 31,2018.
On November 1,2019,the company received $4,000 cash as payments in advance for services to be performed in 2020.
The company received a total of $26,000 in cash for services that were performed during 2019.
The company sent bills totaling $8,000 to clients for services performed during 2019;this amount was unpaid as December 31,2019.
As a result of these transactions during 2019,the firm's stockholders' equity will:

• A)increase by $40,000.
• B)decrease by $10,000.
• C)increase by $34,000.
• D)decrease by $4,000.

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Definitions:

Visual-recognition Memory

The ability to recognize previously encountered objects, symbols, or individuals by sight.

Habituation

The process of becoming accustomed to a stimulus through repeated exposure, leading to a decrease in response.

Cross-modal Transfer

The ability to transfer information or learning from one sensory modality to another, enhancing perceptual and cognitive skills.

Attention Recovery

The process by which an individual's cognitive focus and alertness are restored after periods of stress or mental fatigue, often through engagement with restorative environments or activities.