Which of the Following Transactions Will Result in an Increase

question 52

Multiple Choice

Which of the following transactions will result in an increase in operating income as of the date of the transaction?

• A)The sale of investments at a gain.
• B)Collection of cash from a customer for services to be provided at a later date.
• C)Providing a service to a customer on account.
• D)The receipt of cash dividends from an investment.

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Definitions:

Anticipated Injury

Anticipated injury refers to harm or damage that is expected or foreseen as a result of certain actions or omissions.

Good Samaritan Law

Good Samaritan Laws are legal protections designed to encourage people to offer assistance to others in distress by granting them immunity from certain forms of legal liability.

Independent Contractor

An individual or business that provides goods or services to another entity under terms specified in a contract, distinct from an employee due to the contractor’s control over their work.

Seeking Information

The process of actively looking for or obtaining data, knowledge, or answers from various sources.