How would the accounting equation of Boston Company be affected by the billing of a client for $10,000 of consulting work completed?
a. +$10,000 accounts receivable, -$10,000 accounts payable.
b. +$10,000 accounts receivable, +$10,000 accounts payable.
c. +$10,000 accounts receivable, +$10,000 cash.
d. +$10,000 accounts receivable, +$10,000 revenue.
e. +$10,000 accounts receivable, -$10,000 revenue.
Answer: d. +$10,000 accounts receivable, +$10,000 revenue.
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Indicate whether the statement is true or false.
In early 2007, Cadbury Schweppes announced its intention to separate its U.S. beverage division from its core confectionery business. In this case, Cadbury Schweppes was focusing on ________
A) changing its staff B) changing its culture C) changing its structure D) changing its systems