Question: The firm completed consulting services for a client. The services were valued at $20,000. 25% of this amount was collected at the time the services

The firm completed consulting services for a client. The services were

The firm completed consulting services for a client. The services were valued at $20,000. 25% of this amount was collected at the time the services were completed. The remainder will be collected later. Determine which financial statement elements are involved. (You can choose more than one option) a. Owner's Equity b. Expenses c. Assets d. Liabilities e. Revenues

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