Yi Company Provided Services to a Customer for $5,500 Cash

question 80

Multiple Choice

Yi Company provided services to a customer for $5,500 cash.Based on this information alone,which of the following statements is true?

• A)Total assets increased and total equity decreased.
• B)Total assets were unchanged.
• C)Liabilities decreased and net income increased.
• D)Total assets increased and net income increased.

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Definitions:

Fallopian Tube

A pair of tubes along which eggs travel from the ovaries to the uterus in the female reproductive system, playing a key role in fertilization.

Artificial Insemination

A means of conception in which sperm are injected into the vagina by a means other than sexual intercourse.

Ovulation

The phase in a female's menstrual cycle when a mature egg is released from the ovary into the fallopian tube for potential fertilization.

Genetic Material

The molecules (DNA or RNA) that store and transmit hereditary information from one generation to the next in all living organisms.