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A company provided $12,000 of consulting services and was immediately paid in cash by the customer.Identify the journal entry below that properly records this transaction.
Ethical
Pertaining to or dealing with morals, principles of morality concerning right and wrong behavior.
Competition
Competition involves the rivalry between entities, such as businesses or individuals, striving for a common goal, such as market dominance or recognition, driving innovation and improvements.
Conditions
The circumstances or factors affecting the way in which people live or work, especially with regard to their safety or well-being.
Bounded Ethicality
The concept that cognitive biases and organizational contexts limit individuals’ ability to make ethically ideal decisions.
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