During March, Perpetual Envy Inc. provides $33,000 in consulting services for a customer. The customer paid $16,500; the other $16,500 was on account. Which of the following statements about these transactions is correct?
A. Cash increases by $16,500, Accounts Receivable increases by $16,500, and Consulting Revenue increases by $33,000.
B. Cash increases by $16,500, Consulting Revenue increases by $16,500, and Accounts Receivable increases by $33,000.
C. Accounts Receivable increases by $16,500, Liabilities decrease by $16,500, and Stockholders' Equity increases by $33,000.
D. Revenues increase by $16,500, liabilities decrease by $16,500, and stockholders' equity is unchanged.
Answer: A
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A) 96,000 units B) 102,000 units C) 98,000 units D) 90,000 units
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Indicate whether the statement is true or false
Two major contributors to political decision making are
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