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

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Definitions:

Determinants

Factors or elements that bring about an outcome or influence a result.

Classification System

An organized method for categorizing and systematizing objects or information based on established criteria.

Job Evaluation

A systematic process used to assess the relative value of jobs within an organization, for the purpose of establishing fair compensation.

Private Pension Plans

Retirement plans funded and maintained by private sector employers, providing employees with a fixed or variable pension payment upon retirement, separate from government pension schemes.