Mary Richardo Has Performed $500 of CPA Services for a Client

question 127

Multiple Choice

Mary Richardo has performed $500 of CPA services for a client but has not billed the client as of the end of the accounting period.What adjustment must Mary make?

• A)increase Cash and increase Unearned Service Revenue
• B)decrease Accounts Receivable and increase Unearned Service Revenue
• C)increase Accounts Receivable and increase Service Revenue
• D)decrease Unearned Service Revenue and increase Service Revenue

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Definitions:

Direction

In statistics, it refers to the tendency of a set of data points or a relationship between variables (e.g., positive or negative correlation).

Correlation Coefficient

A statistical measure that calculates the strength of the relationship between two variables.

Independent Variable

A variable in scientific research that is manipulated or changed to observe its effect on a dependent variable.

Continuous

Refers to data or a variable that can take on any value within a given range, not restricted to discrete values.