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During March, Perpetual Envy Incorporated provides $46,000 in consulting services for a customer. The customer paid $24,000; the other $22,000 was on account. Which of

During March, Perpetual Envy Incorporated provides $46,000 in consulting services for a customer. The customer paid $24,000; the other $22,000 was on account. Which of the following statements about these transactions is correct? Question 15 options: Cash increases by $24,000, Consulting Revenue increases by $22,000, and Accounts Receivable increases by $46,000. Cash increases by $24,000, Accounts Receivable increases by $22,000, and Consulting Revenue increases by $46,000. Accounts Receivable increases by $22,000, Liabilities decrease by $24,000, and Stockholders' Equity increases by $2,000. Revenues increase by $24,000, liabilities decrease by $24,000, and Stockholders' Equity is unchanged

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