A Firm Billed a Customer for Services but Did Not

question 69

Multiple Choice

A firm billed a customer for services but did not collect cash.What is the effect of this transaction?

• A)Increases assets,increases revenues
• B)Increases assets,decreases assets
• C)Decreases assets,increases expenses
• D)Decreases assets,decreases liabilities

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Definitions:

Servant Leadership

A leadership philosophy that focuses on serving others first, with leaders prioritizing the needs of their team members and organizations before their own.

Transformational Leadership

A style of leadership where the leader works with teams to identify needed change, creating a vision to guide the change through inspiration, and executing change in tandem with committed members of the group.

Antecedent Condition

Circumstances or factors that are present before the occurrence of an event or behavior that help in understanding its causes.

Leader Attributes

Key traits and qualities that contribute to an individual's effectiveness in leadership roles, including personality, values, and ability to communicate.