D. Violates public policy
For Example: you can not enter into a payment arrangement for illegal drugs lol
Answer:
C. Increased personal computer purchases in response to a decline in their price
E. Greater use of fuel-efficient cars after gasoline prices increase
Explanation:
Answer:
Cash increases and Accounts Receivable decreases(D)
Explanation:
$1000 represents earned rental income that has been recognized as revenue in the previous month but yet to be paid by customer. Hence, this would have been debited to account receivable ledger.
Upon cash receipt in the current month, this will be debited to Cash Account(Increase) and credited to Account Receivables (to reduce receivable balance).
The effect of this transaction will only affect Statement of Financial Position under current assets by reducing receivables balance and increase cash balance.
Answer:
The best answer to your question would be College students on a budgets
Explanation: