During 2019,Sigma Company Earned Service Revenue Amounting to $700,000,of Which

question 29

Multiple Choice

During 2019,Sigma Company earned service revenue amounting to $700,000,of which $630,000 was collected in cash;the balance will be collected in January,2020.Also in 2019,there were collections of cash prior to the delivery of goods/services totaling $10,000.What amount should the 2019 income statement report for service revenue?

• A)$630,000.
• B)$700,000.
• C)$70,000.
• D)$570,000.

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Definitions:

Local Dialect

Variations in language specific to a particular region or community, encompassing differences in vocabulary, pronunciation, and grammar.

Adaptive Value

The degree to which a characteristic or action enhances an organism's ability to survive and reproduce in a given environment.

Effective Communication

Effective communication is the exchange of information in a manner that is clearly understood by all parties involved.

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Refers to male individuals of a species living in close proximity to one another, often in the context of social structures, territory, and mating strategies.