During 20B, New Company Earned Service Revenues Amounting to $200,000

question 97

Multiple Choice

During 20B, New Company earned service revenues amounting to $200,000, of which $120,000 were collected in cash; the balance will be collected in January 20C. The 20B statement of earnings of the company should report which of the following amounts for service revenues?

• A) $120,000.
• B) $200,000.
• C) $320,000.
• D) $80,000.

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Definitions:

Psychotherapy Technique

Methods and strategies used in talk therapy to treat mental health issues.

Motivational Interviewing

A counseling approach that seeks to engage a client's own motivation to change behavior, focusing on exploring and resolving ambivalence.

Brief Intervention

A short counseling or therapy session aimed at inducing change in behavior, commonly used for substance abuse or risky health behaviors.

Controlled Drinking

A treatment approach for alcohol addiction which aims at moderating consumption rather than abstaining completely.