O'Hare Company Is a Manufacturing Firm That Uses a Job-Order

Multiple Choice

O'Hare Company is a manufacturing firm that uses a job-order costing system to determine the costs of its products.O'Hare Company sold Job #132 for $8,200 cash.The job cost sheet for that job reported total manufacturing costs of $5,900.The recognition of this event on the financial statements would include a(n) :

A) Decrease to total assets and total equity.
B) Decrease to total liabilities.
C) Increase to total assets, total equity, and net income.
D) Decrease to net income.