Hamilton Lawn Service Earned $1,000 for Services Rendered and Collected

question 154

Multiple Choice

Hamilton Lawn Service earned $1,000 for services rendered and collected cash from its customer.What is the effect on accounts?

• A) Cash account increases; Accounts payable increases.
• B) Cash account increases; Accounts receivable increases.
• C) Cash account increases; Supplies account decreases.
• D) Cash account increases; Owner's capital account increases.

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Definitions:

Time Orientation Dimension

A cultural characteristic that reflects the extent to which a society values past, present, or future outcomes and behaviors.

Multinational Corporations

Companies that operate in multiple countries, managing production or delivering services in more than one country.

Ethnocentric

a belief in or assumption of the superiority of the cultural or ethnic group one belongs to.

Geocentric Attitudes

A worldview that considers all cultures as potentially valuable and seeks to integrate diverse perspectives in a global context.