Vic's Mart Collects $700 of Its Accounts Receivable

question 16

Multiple Choice

Vic's Mart collects $700 of its accounts receivable.The expanded accounting equation impact is:

• A)Cash and Capital increase $700.
• B)Cash and Revenue increase $700.
• C)Cash increases and Accounts Receivable decreases $700.
• D)Accounts Receivable decreases and Capital increases $700.

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Definitions:

Condition Fears

Fears that are developed or learned as a result of specific conditioning experiences or environmental stimuli.

Ancestors

Individuals from whom one is descended, typically beyond the immediate parents, including grandparents, great-grandparents, and so forth.

Biological Perspective

An approach in psychology that examines psychological issues by looking at their physiological, genetic, and developmental underpinnings.

Bipolar Disorder

A mental disorder characterized by extreme mood swings, including episodes of mania and depression.