Which of the Following Statements Is TRUE About the Activities

question 100

Multiple Choice

Which of the following statements is TRUE about the activities for Maverick Law Firm for 2010?

• A) If Accounts receivable prior to February 1, 2010 was $25,000, the amount of Accounts Receivable to be reported on the Balance Sheet at December 31, 2010 will be $24,000.
• B) The $2,000 received from clients for law services to be performed next year will be reported as revenue on the Income Statement this year since cash was received.
• C) The $4,000 billed to clients for services rendered this year and unpaid as of December 31 will be reported on the Balance Sheet at December 31 as Accounts Payable.
• D) The $5,000 received this year from clients in payment of their accounts will be reported on the Income

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Definitions:

Social Skills Training

A behavior-therapy method for helping people in their interpersonal relations that utilizes self-monitoring, behavior rehearsal, and feedback.

Gestalt Therapy

This psychotherapy approach highlights the importance of personal accountability while concentrating on what the individual feels right now, the bond between therapist and client, the influence of a person's social and environmental settings, and the self-adjustments made in response to their broad circumstances.

Client-Centered Therapy

A humanistic approach to psychotherapy that emphasizes an individual's inherent capacity for self-healing and personal growth, with the therapist offering unconditional positive regard.

Social Disapproval

The experience of disfavor or opposition from others in a social context, often resulting in feelings of shame or embarrassment.