75. A business must only invest in an accounting information system in which the benefits received outweigh the cost of the system.

True

False

77. Exchange Company collected $14,000 from one of its customers, the amount owed from the previous month. How does this affect the accounting equation for Exchange?

A.assets increase by $14,000; liabilities decrease by $14,000

B.assets increase by $14,000; liabilities increase by $14,000

C.assets increase by $14,000; equity increases by $14,000

D.assets increase by $14,000; assets decrease by $14,000