Which of the Following Transactions for July Represents Revenue for the Month

question 26

Multiple Choice

Which of the following transactions for July represents revenue for the month?

• A) Collected $1000 in advance for architectural services to be provided in August.
• B) Completed architectural services for $30 000, payable in seven days.
• C) Borrowed $60 000 from the bank, repayable over two years.
• D) Collected cash of $5000 from an account receivable outstanding since February.

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Definitions:

Physical Appearance

The outward look or visual aspects of a person or object, including features, shape, and color, which can impact social perceptions.

Selective Attention

The capacity to focus on a specific stimulus while ignoring competing stimuli.

Naturalistic Observation

A research method in which subjects are observed in their natural environment without any manipulation by the observer.

Selective Attention

The process by which a person focuses on one particular stimulus while ignoring other stimuli, demonstrating the brain's ability to prioritize sensory input.