Which of the following is not a strategy for managing dual careers?
a. subordinating one career to the other
b. taking turns
c. participating in independent ventures
d. limiting the impact of family on work
e. all of the above
C
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On April 1, 2017, Planet Services received $8,000 in advance of performing the services from a customer for three months of service — April, May and June. What would be the journal entry to adjust the accounts at the end of May?
A) Debit Service Revenue $2,667, and credit Unearned Revenue $2,667. B) Debit Unearned Revenue $5,333, and credit Service Revenue $5,333. C) Debit Unearned Revenue $8,000, and credit Service Revenue $8,000. D) Debit Service Revenue $5,333, and credit Accounts Receivable $5,333.
Which is most likely a violation of the AICPA Code of Professional Conduct?
a. A member firm buys computer time at wholesale prices from another CPA firm and sells it at retail prices to clients b. A member does not timely file his or her own personal federal income tax return c. A tax booklet is attributed to a member firm even though it was prepared by an outside author d. A member forms a partnership for the practice of public accounting with non-CPAs