On December 10, 2010 Copeta Inc

question 4

Multiple Choice

On December 10, 2010 Copeta Inc.received a cheque in the amount of $50,000 from a customer for services that Copeta had yet to perform.By December 31, 2010 it had earned $20,000 of that amount.Assuming the appropriate year end adjustments were made, the 2010 balance in Copeta's unearned revenue account will be

• A)$30,000.
• B)$20,000.
• C)$50,000.
• D)Zero.

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