Vick Vickers Has a Large Consulting Practice

question 210

Multiple Choice

Vick Vickers has a large consulting practice. New clients are required to pay one-half of the consulting fees up front. The balance is paid at the conclusion of the consultation. How does Vickers account for the cash received at the end of the engagement?

• A) Cash Unearned Service Revenue
• B) Cash Service Revenue
• C) Prepaid Service Fees Service Revenue
• D) No entry is required when the engagement is concluded.

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Definitions:

Expressing Feelings

The process of communicating emotions or emotional reactions to others, either verbally or through behavior.

Screaming

Emitting a loud, sharp, piercing sound, often as a way to express extreme emotion, alarm, or pain.

Symbolically

In a manner that uses symbols or metaphorical representations to convey meanings, concepts, or ideas beyond their literal sense.

Social Referencing

The process by which individuals look to others in their environment for cues on how to respond or behave in certain situations.