When a Company Performs a Service and Immediately Collects the Cash

question 112

Multiple Choice

When a company performs a service and immediately collects the cash from the customer,which of the following would occur?

• A) Net income would increase.
• B) Expenses would decrease.
• C) Assets would decrease.
• D) Shareholders' equity would decrease.

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Definitions:

Optimistic Appraisal

The process of interpreting situations and future events in a positive, hopeful manner.

Internal, Stable, and Global

Terms used in psychology to describe an individual's attribution style that perceives causes of events as internal to oneself, unchanging over time, and consistent across different contexts.

Optimism

A mental attitude reflecting a belief or hope that the outcome of some specific endeavor, or outcomes in general, will be positive, favorable, and desirable.

Self-Efficacy

The belief in one's own ability to succeed in specific situations or accomplish a task, influencing how goals, tasks, and challenges are approached.