The Business Collects a $5,000 Account Receivable from Its Customer

question 95

Multiple Choice

The business collects a $5,000 account receivable from its customer.How is the accounting equation affected?

• A) Assets increase $5,000; liabilities decrease $5,000.
• B) One asset increases by $5,000; another asset decreases $5,000.
• C) Assets increase $5,000; liabilities increase $5,000.
• D) Assets increase $5,000; owner's equity increases $5,000.

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Definitions:

Brain Abnormality

Refers to structural, functional, or biochemical irregularities in the brain that can lead to various neurological or psychological conditions.

Emotion

A complex psychological state involving an individual's physiological response, subjective experience, and behavioral or expressive response.

Gullibility

A tendency to be easily deceived or tricked into believing something is true when it is not.

Unpleasantness

Unpleasantness represents a state or feeling of discomfort, displeasure, or disagreeableness that affects one's sense of well-being or satisfaction.