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If Houston Company Billed a Client for $10,000 of Consulting

Question 62

Multiple Choice

If Houston Company billed a client for $10,000 of consulting work completed,the accounts receivable asset increases by $10,000 and:


A) Accounts payable decreases $10,000.
B) Accounts payable increases $10,000.
C) Cash increases $10,000.
D) Revenue increases $10,000.
E) Revenue decreases $10,000

Correct Answer:

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