A company entered into a 2-month contract for $50,000 on April 1. It earned $25,000 of the contract services in April and billed the customer. The company should recognize the revenue when it receives the customer's check.
Answer the following statement true (T) or false (F)
False
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You increase the Service Revenue account on the ________ side of its account.
Fill in the blank(s) with the appropriate word(s).
Which of the following is an optional element in a business letter?
A. The salutation B. The attention line C. The complimentary closing D. The inside address
Financial institutions are more diversified today than they were in the past, when federal laws kept investment banks, commercial banks, insurance companies, and similar organizations quite separate. Today the larger financial services corporations offer a variety of services, ranging from checking accounts, to insurance, to underwriting securities, to stock brokerage.
Answer the following statement true (T) or false (F)
Careful budgeting lets you spend more to achieve your short-term financial goals
Indicate whether the statement is true or false.