If Houston Company Billed a Client for $10,000 of Consulting

question 7

Multiple Choice

If Houston Company billed a client for $10,000 of consulting work completed, the accounts receivable asset increases by $10,000 and:

• A) Accounts payable increases $10,000.
• B) Revenue decreases $10,000
• C) Accounts payable decreases $10,000.
• D) Cash increases $10,000.
• E) Revenue increases $10,000.

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Definitions:

Prosecuting Attorney

A legal officer who represents the government in criminal proceedings, charging and trying cases against individuals accused of crimes.

County Attorney

A public official who provides legal advice and representation to the county government and prosecutes criminal cases at the county level.

Criminal Law

The body of law that relates to crime, prescribing conduct perceived as threatening, harmful, or otherwise endangering to the property, health, safety, and moral welfare of people.

Main Objective

The primary goal or purpose intended to be achieved by a person, project, or organization.