Which of the following increases stockholders' equity?
A) Providing services to clients with payment received immediately
B) Purchasing supplies for cash
C) Receiving payment in advance from a client for service to be performed in the future
D) Collecting an amount owed by a client on account
E) None of the above

Question

Quizplus · Accepted Answer

Providing services to clients with payment received immediately increases revenue, which in turn increases stockholders' equity.

Which of the Following Increases Stockholders' Equity