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:

Pituitary Gland

A small, pea-sized gland located at the base of the brain, responsible for regulating critical body functions through the release of hormones.

Milk Production

The biological process by which mammals produce milk to feed their young.

Electroencephalogram

A test that measures and records the electrical activity of the brain to detect potential problems associated with this activity.

Electrical Impulses

Signals transmitted through neurons or artificial circuits, used to convey information or stimulate responses.