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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Definitions:

Explicit Cost

Direct, out-of-pocket payments for goods or services used in the production of a product.

Migration

The movement of people from one geographical area to another, often for the purpose of settling temporarily or permanently.

Labor Migration

The movement of workers from one region or country to another in order to find employment or pursue better economic opportunities.

Migrant Workers

Individuals who move from one region or country to another to seek employment opportunities, often in temporary or seasonal jobs.