Nettleton Technologies Has a December 31 Year-End

question 130

Multiple Choice

Nettleton Technologies has a December 31 year-end. They provided services worth $40,000 in December and were paid $10,000 in cash at that time with the rest paid in January. The employees who performed the services were paid $25,000 for their work in January. Under the matching concept how much net income would be reported in December?

• A) ($15,000)
• B) $15,000
• C) $10,000
• D) $40,000

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Definitions:

QAM

stands for "Quality Assurance Management" or "Quadrature Amplitude Modulation" depending on context; in healthcare, it often relates to maintaining standards.

Parenteral

A route of administering medications or nutrients bypassing the digestive system, often through injections.

Sublingual

Pertaining to or situated under the tongue, often used in reference to the administration of medication.

Topical

Pertaining to the surface, especially medications or treatments applied directly to a particular area of the body.