A Company Provides Services on Account A)Option a
B)Option B
C)Option C
D)Option D

question 42

Multiple Choice

A company provides services on account.Indicate how this transaction would affect the following five financial statement items:
$\begin{array}{llllll}&&& \text { Stockholders' } \\&\text { Assets } &\text { Liabilities } &\underline{\text { Equity }}& \underline{\text { Revenues }} &\underline{\text { Expenses }}\\\text { a. } & \text { Increase } & \text { Decrease } & \text { Increase } & \text { Decrease } & \text { No effect } \\\text { b. } & \text { Increase } & \text { No effect } & \text { Increase } & \text { Increase } & \text { Decrease } \\\text { c. } & \text { Increase } & \text { No effect } & \text { Increase } & \text { Increase } & \text { No effect } \\\text { d. } & \text { No effect } & \text { No effect } & \text { No effect } & \text { No effect } & \text { No effect }\\\end{array}$

• A)Option a
• B)Option b
• C)Option c
• D)Option d

List and exemplify the types of legal correspondence.

Explain the significance of avoiding sexist language in legal writing and strategies for doing so.

Comprehend the structure and importance of the discussion section in a legal memorandum.

Understand various methods of legal reasoning and analysis used in legal memorandums.

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Definitions:

Foreign Subsidiary

A foreign subsidiary is a company partly or wholly owned by another company, known as the parent company, and is based in a country other than the one where the parent company is located.

Exchange Risks

The potential for investors to experience losses due to fluctuations in currency exchange rates.

Risk-Free Rate

The theoretical rate of return on an investment with zero risk, typically represented by government bonds.

Initial Cost

The upfront expenditure involved in acquiring an asset, starting a project, or pursuing an investment.