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:

Problem-Focused Coping

Attempting to alleviate stress directly—by changing the stressor or the way we interact with that stressor.

Emotion-Focused Coping

A strategy for managing stress by working to change one’s emotional response to a stressor rather than changing the stressor itself.

Mindfulness Meditation

A practice of concentrated focus upon a sound, object, visualization, the breath, movement, or attention itself in order to increase awareness of the present moment, reduce stress, promote relaxation, and enhance personal and spiritual growth.

Type B Personality

A personality type characterized by a laid-back, less competitive, and more reflective disposition compared to Type A personality.