Unearned Revenue Was $600 at the End of February and $750

question 194

Multiple Choice

Unearned Revenue was $600 at the end of February and $750 at the end of March.Service Revenue was $4,200 for the month of March.How much cash was received from revenue during March?

• A) $5,550
• B) $4,050
• C) $2,850
• D) $4,350

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Definitions:

Auction Market

A public market in which goods or securities are sold to the highest bidder.

Private Placements

Private placements involve the sale of securities to a relatively small number of select investors as a way of raising capital, without the need to register with regulatory bodies.

Electronic Trading

The use of computer systems and technology to facilitate trading in financial markets without the need for physical trading floors.

General Partnership

A business partnership where all partners share unlimited personal liability for the business's debts and obligations.