When a service has been performed, but no cash has been received, which of the following statements is true?
A) The entry would include a debit to Accounts Receivable.
B) The entry would include a debit to Accounts Payable.
C) The entry would include a credit to Unearned Revenue.
D) No entry is required until the cash is received.
A
You might also like to view...
A ________ is the vessel or cargo to which a maritime lien attaches
A. mare liberum B. quaere C. situs D. res
Which one is NOT an application of lean principle in services?
A) JIT in food supply management B) improving kitchen layout at McDonald's to drive seconds out of the production process C) inventory sharing among members of the pharmaceutical network D) scheduling personnel availability at 15 minute increments to meet demand fluctuations E) securing more inventory to prepare for disruption in production
Union employees in the public sector earn, on average, about ________ more than their nonunion counterparts.
A. 5 percent B. 40 percent C. 22 percent D. 14 percent
Which of the following intellectual property laws protects inventions and discoveries?
A) patent law B) trade secret law C) law of licensing D) trademark law