The Collection of an Account Receivable Will Cause Total Assets

question 80

True/False

The collection of an account receivable will cause total assets to decrease.

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Definitions:

Voltaic Cell

A device that converts chemical energy into electric energy.

Acid

A substance that donates hydrogen ions (H+) to solutions and can accept a pair of valence electrons to form a bond.

Metals

Elements that are typically hard, shiny, malleable, fusible, and conductive, often used for electrical wiring, building materials, and tools.

Alkaline

A type of basic, as opposed to acidic, substance; in batteries, it refers to a type using alkaline electrolytes such as potassium hydroxide, known for long life and steady power output.