Go Blue Retail Store Collected $12,000 of Its Accounts Receivable

question 58

Multiple Choice

Go Blue Retail Store collected $12,000 of its accounts receivable. The expanded accounting equation changes include

• A) Cash and Capital increase, $12,000.
• B) Cash and Revenue increase $12,000.
• C) Cash increases and Accounts Receivable decreases $12,000.
• D) Accounts Receivable decreases and Capital increases $12,000.

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Definitions:

Catch Fish

The act of capturing fish, either for recreational or commercial purposes.

Discrete Probability

A branch of probability that deals with occurrences that have distinct and separate values, often involving countable outcomes.

Random Variable

A variable whose numerical values are contingent upon the outcomes of randomness.

Occurrences

Instances or events that happen or take place.