1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
algol [13]
2 years ago
11

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

nd: Multiple Choice Accounts payable decreases $10,000. Accounts payable increases $10,000. Cash increases $10,000. Revenue increases $10,000. Revenue decreases $10,000.
Business
1 answer:
Mazyrski [523]2 years ago
8 0

In the event that Dallas Company bills a client, the account that will increase along with accounts receivable is a<u> Revenue increase </u><u>of </u><u>$10,000. </u>

<h3>Accounts affected </h3>
  • Accounts receivable will increase because the client will owe Dallas Company.
  • Revenue will increase as well because Dallas Company is earning revenue from the consulting work.

The increase to the Revenue account will be the amount charged for consulting work which is $10,000.

In conclusion, option D is correct.

Find out more on accounting for revenue at brainly.com/question/12115903

You might be interested in
Communities and countries with greater income inequality tend to have higher rates of crime and higher rates of drug use. These
aksik [14]

False Communities and countries with greater income inequality tend to have higher rates of crime and higher rates of drug use. These relationships are examples of positive correlations

<h3>What is  income?</h3>

Income is the consumption and saving opportunity gained by an entity over a given time period, which is usually expressed in monetary terms. Income is difficult to define conceptually, and definitions vary across fields.

Income is defined as the amount of money received by a person, group, or company over a specific time period. A salary of $70,000 per year is an example of income.

Income is money received by an individual or business in exchange for labor, the production of a good or service, or the investment of capital. Individuals typically earn money through wages or salaries, whereas businesses make money by selling goods or services for more than their cost of production.

To know more about  income follow the link:

brainly.com/question/25845157

#SPJ4

7 0
1 year ago
Suppose People's bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $
I am Lyosha [343]
The correct answer is 10.38%

4 0
3 years ago
Which role did women most likely play in bringing dramatic change to hunter-gatherer societies?
tino4ka555 [31]

Answer:

women were not much of tamers, they were treated as animals themselves.  They worked in the fields and in the home with the children and chores

6 0
3 years ago
Read 2 more answers
How can you create a personal budget
Alisiya [41]
You can use excel to create one
8 0
2 years ago
An issuer has filed a registration statement in the state proposing to offer 500,000 shares in a combined primary and secondary
sweet-ann [11.9K]

Answer:

b. 300,000 shares being sold is an issuer transaction and the 200,000 shares being sold is a non-issuer transaction.

Explanation:

A non-issuer transaction is a transaction that does not directly benefit an issuer or it was not directly executed to benefit an issuer.

According to the Uniform State Law, an entity involved in the sales of certificates of interest, leases, mining titles among others is officially exempted from being labelled as an issuer. Hence, the entity (officers of the firm) in the question are non-issuer brokers.

Specifically, when the sales of stock are carried out by someone or an individual who is not a registered stockbroker, that individual officially becomes what is called 'a non-issuer broker-dealer'. The implication is that such a transaction is to be exempted from the registration requirements of the Security Exchange Commission.

In this question, since the issuer newly issued 300,000 shares while the remaining 200,000 in the proposed combination was offered by Officers of the firm - non-issuer broker-dealers. The Law states that it must be separated to show that 300,000 shares are sold in an issuer transaction (Primary) directly involving an official issuer while 200,000 shares are sold in a non-issuer transaction (Secondary).

3 0
3 years ago
Other questions:
  • Timmy can edit 2 pages in one minute and he can type 80 words in one minute. Olivia can edit 1 page in one minute and she can ty
    8·1 answer
  • Costs of assets acquired in one period that will be recorded as expense in a future period are referred to as ______ and are ini
    13·1 answer
  • do you think that we have reached a stage where marketing is no longer useful? Do consumers and business all know what we are tr
    10·1 answer
  • A company purchases new equipment for $90,000 cash on August 1, 2021. At the time of purchase, the equipment is expected to be u
    10·1 answer
  • Mallard's Department Store typically sells over a third of all its merchandise in the last two months of the year. Management ha
    10·1 answer
  • On October 1, Gala Corporation has 300 units of Product XYZ on hand. The company plans to sell 1,200 units of Product XYZ during
    8·1 answer
  • Prepare journal entries to record the following transactions entered into by the Merando Company: 2016 June 1 Received a $10,000
    9·1 answer
  • 8. Which factor is considered the most critical in determining where customers choose to shop?
    14·1 answer
  • An advance payment of $1,000 for services was received on December 1 and was recorded as a liability. By the end of the year, $4
    9·1 answer
  • Arguments against industrial policy include all of the following except Select one: a. foreign industrial policy success has bee
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!