Unformatted text preview: If Houston Company billed a client for $10,000 of consulting work completed, the
accounts receivable asset increases by $10,000 and: 2/2
points awarded Multiple Choice O Accounts payable decreases $10,000. Accounts payable increases $10,000. Cash increases $10,000. Revenue increases $10,000. Revenue decreases $10,000. ...
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- Summer '08
- Generally Accepted Accounting Principles, $10,000, Houston Company