Falana received 7,000 in cash from a client for professional ...

[viki]

Falana received 7,000 in cash from a client for professional services rendered. This transaction would
 a. increase assets and increase owner's equity.
   b. decrease assets and increase owner's equity.
   c. increase liabilities and decrease owner's equity.
   d. decrease assets and decrease owner's equity.

Question 2

ABC system is likely to provide high benefits to a company whose products that the company is well-suited to make and show small profits.
 
  Indicate whether this statement is true or false.

[otokexnaru]

Answer to Question 1

a

Answer to Question 2

Answer: TRUE

[viki]

Thanks for the timely response, appreciate it

[ecabral0]

Excellent