A Subsidiary Account for Temporary Investments

question 19

Multiple Choice

A subsidiary account for temporary investments:

• A)is the account reported on the balance sheet.
• B)contains the details of each individual investment.
• C)is the summary account of all of the investments.
• D)is where the dividend and income revenue from the investment is recorded.

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Definitions:

Profit On Services

Income generated from the provision of services, calculated by subtracting the cost of delivering those services from the revenue earned.

Service Fee Revenue

Income earned by a company for the provision of services to customers or clients.

Supplying Service

The act of providing services to clients or customers, as opposed to delivering physical goods.

Cost

The amount of money spent on the production or acquisition of a good or service.