Assume That a Company Received $2,400 in Advance for One

question 129

Multiple Choice

Assume that a company received $2,400 in advance for one year membership fee in the fitness center.The entry that would be made to record the recognition of revenue at the end of first month is:

• A) Revenue 2,400
• Cash 2,400
• B) Cash 200
• Revenue 200
• C) Unearned revenue 200
• Revenue 200
• D) Revenue 200
• Unearned revenue 200

---

Definitions:

Dual-route Theories

Theoretical approaches suggesting two separate pathways or mechanisms in the brain for processing information, often used in the context of reading and language comprehension.

External Theories

Concepts or explanations developed to understand phenomena outside an individual or organization, often involving the broader environment or society.

Consequences of Behavior

The outcomes or impacts that result from actions of an individual or group.

Dual-route Theories

Theories proposing that there are two distinct pathways in the brain for processing information, often contrasting automatic with controlled processes.