In Ontario, when a health professional invoices OHIP (Ontario Health Insurance Plan), the accounting books of the health professional must credit account receivable in its books Select one: True False In Ontario, a health professional is at liberty to opt out of the OHIP program if he/she wishes Select one: True False If, on January 1, 2005, ABC Corporation paid $100 of its accounts payable in cash, what would be the effect on the accounting equation? A. Assets, $100 increase; liabilities, no effect; owner's equity, $100 increase. B. Assets, $100 decrease; liabilities, $100 decrease; owner's equity, no effect. C. Assets, $100 decrease; liabilities, $100 increase; owner's equity, $200 decrease. D. Assets, no effect; liabilities, $100 decrease; owner's equity, $100 increase. Unearned revenues are: A. Revenues that have been earned and received. B. Revenues that have been earned but not yet collected. C. Recorded as an asset in the accounting records