Exhibit 18-4 the Following Information Is Provided for Tampa Company

question 2

Multiple Choice

Exhibit 18-4 The following information is provided for Tampa Company:

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Refer to Exhibit 18-4.How much deferred gross profit is still on the books at the end of 2011?

• A)$ 0
• B)$2, 500
• C)$2, 700
• D)$3, 000

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Definitions:

Accountant-client Relationship

A professional connection between an accountant and their client, based on trust and confidentiality, to manage financial records and tax matters.

Negligence

The failure to exercise the care that a reasonably prudent person would exercise in similar circumstances, leading to harm or damage.

Professional Misconduct

Inappropriate or unethical behavior by a professional in their line of work, violating professional ethics or standards.

Commission of Crime

The act of carrying out or committing a criminal act.