A Company Performed Services for a Customer on Account

question 59

Multiple Choice

A company performed services for a customer on account. This transaction increased assets and:

• A)decreased equity.
• B)increased liabilities.
• C)increased expenses.
• D)increased revenues

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Definitions:

Employment Equity

The policy of treating employees fairly and without discrimination, promoting equality in the workplace.

Federal Charter

A federal charter is an official authorization or establishment of an organization, corporation, or bank by the federal government, granting certain rights and privileges.

Human Rights Codes

Legal frameworks designed to protect individuals from discrimination and ensure equal rights and opportunities for all, regardless of race, gender, disability, or other protected characteristics.

Canadian Human Rights Commission (CHRC)

A government agency responsible for protecting the human rights of individuals in Canada.