Carly Design Inc

question 53

Multiple Choice

Carly Design Inc. received its annual property tax bill for $8,400 in January. It was paid when due on March 31. Carly Design's year end is Dec 31. The Dec 31 account balances should be

• A) $2,100 for Prepaid Property Tax, $6,300 for Property Tax Expense
• B) $2,100 for Prepaid Property Tax, $2,100 for Property Tax Payable
• C) $0 for Prepaid Property Tax, $0 for Property Tax Payable
• D) $700 for Prepaid Property Tax, $7,700 for Property Tax Expense

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Definitions:

Professional Selling

The practice of promoting and selling products or services in a way that adheres to high ethical standards and involves building long-term relationships with clients.

Long-term Relationships

Enduring connections between businesses or between businesses and clients, often characterized by trust, commitment, and mutual benefit.

Probing Questions

Questions designed to gather more information from a person, often to clarify details or explore deeper insights on a topic.

Sales Presentation

A structured pitch by a salesperson to persuade a potential buyer about the benefits and features of a product or service.