Dot Point, Inc

question 3

Multiple Choice

Dot Point, Inc. is a retailer of washers and dryers and offers a three-year service contract on each appliance sold. Although Dot Point sells the appliances on an installment basis, all service contracts are cash sales at the time of purchase by the buyer. Collections received for service contracts should be recorded as

• A) service revenue.
• B) deferred service revenue.
• C) a reduction in installment accounts receivable.
• D) a direct addition to retained earnings.

---

Definitions:

Base Tag

In programming, a foundational identifier used for referring to or interacting with an underlying data structure or element.

Alias Tag

A secondary or alternative identifier used in programming and information systems to refer to the same data or resource as the primary tag or address.

Alias Tag

A reference or name assigned to a data point or variable in a control system that can be used interchangeably with its original name for easier identification or programming.

Base Tag

A base tag in programming and control systems is a foundational identifier or reference point from which other tags or addresses may be generated or referenced.