Bill Operates a Proprietorship Using the Cash Method of Accounting

question 99

Multiple Choice

Bill operates a proprietorship using the cash method of accounting, and this year he received54th) e following payments:
•$100 in cash from a customer for services rendered this year$100 in cash from a customer for services rendered this year.
•a promise to pay $200 from a customer for services rendered this year.
•tickets to a football game worth $250 as payment for services performed last year.
•a check for $170 for services rendered this year that Bill forgot to cash.

• A) $300.
• B) $520.
• C) $270.
• D) $350.
• E) $100.

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Definitions:

Prime Minister

The head of government in a parliamentary or semi-presidential system, typically the leader of the majority party.

Freedom of the Press

A principle that allows for the unrestricted publishing and dissemination of information through various media channels, without interference from the government.

LGBTQ

LGBTQ is an acronym standing for Lesbian, Gay, Bisexual, Transgender, and Queer (or Questioning), representing a community of people with diverse sexual orientations and gender identities.

Product Placement

A marketing strategy where branded goods or services are placed in a context usually devoid of ads, such as movies, the story line of television shows, or news programs.