Use the Graph to Answer the Question

question 36

Multiple Choice

Use the graph to answer the question.
-In what quarter was the revenue the least for 1999

• A) second quarter
• B) first quarter
• C) fourth quarter
• D) third quarter

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Definitions:

Descriptive Statement

A written document that clearly describes the characteristics or details of an item or event.

Service Revenue

Income earned by a company for performing a service rather than selling physical goods.

Salaries and Wages Expense

The total amount paid to employees for services rendered during a specific period; considered an operating expense.

Unearned Subscription Revenue

Income received from subscriptions before the service has been fully delivered or the term of the subscription has been fulfilled.