________ is not a basic activity of the revenue cycle

An advantage of questioning over observation (as a way of collecting data) is that:

a. questioning needs fewer researchers in the field. b. questioning allows for a large sample size. c. questioning is more scientific. d. questioning allows you to collect data on variables such as intentions and attitudes that are usually invisible. e. questioning generates data that are error free.

TLR Productions hires a consultant for a new project, and issues common stock with a par value of $700 in exchange for consulting services received. The common stock has a fair value of $2,800. What is the journal entry required to record this transaction?

A) Cash 2,800 Consulting Fees 2,800 B) Cash 2,800 Common Stock 2,100 Addl. Paid-in-Capital in Excess of Par—Common 700 C) Cash 2,800 Common Stock 700 Addl. Paid-in-Capital in Excess of Par—Common 2,100 D) Consulting Fees Expense 2,800 Common Stock 700 Addl. Paid-in-Capital in Excess of Par—Common 2,100