Kostner Financial Services, Inc. performed accounting services for a client in December. A bill was mailed to the client on December 30. The company received the client's check by mail on January 5
Which of the following accounts should appear on the income statement for the year ended December 31 as related to the services performed?
A) Service Revenue
B) Unearned Revenue
C) Accounts Payable
D) Prepaid Expense
A
You might also like to view...
Your uncle owns a convenience store that has branches nationwide. His store is an example of a _____.
(A) Multinational corporation (B) Consumer cooperative (C) Professional organization (D) Business franchise
Catina is designing an assessment and performance managing program for her company's HR department. To manage employee performance most effectively, Catina should:
A) mandate that performance appraisals and assessment interviews be performed once every three years. B) prohibit managers from discussing performance evaluations and compensation during the same meeting. C) stress that day-to-day interactions need to occur between manager and employee in addition to face-to-face interviews. D) create a program that measures employee performance in terms of annual productivity.