A Business Renders Services to a Client and Issues a Sales

question 140

Multiple Choice

A business renders services to a client and issues a sales invoice.The amount will be collected from the customer at a later time.Which of the following is true at the time the invoice is issued?

• A)Equity will decrease.
• B)Total liabilities will increase.
• C)Total assets will decrease.
• D)Net income will increase.

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Definitions:

Grandparents

The parents of one's parents, who play unique roles in family structures ranging from caregiving to cultural transmission.

Endogamy

The practice of marrying within a specific social group, class, or ethnic group, rejecting those from outside as eligible marriage partners.

Arranged Marriages

A marital union where the partners are selected by individuals other than the ones getting married, often involving family members or matchmakers.

Marital Satisfaction

The state or measure of how content or happy individuals are within their marriage or partnership.