A Printing Company Prints a Brochure for a Client and Then

question 8

Multiple Choice

A printing company prints a brochure for a client and then bills them for this service. At the time the printing company's financial disclosure statements are prepared, the client has not yet paid the bill for this service. How will this transaction be recorded?

• A) The sale will be added to Net Income on the income statement and retained in Net Income on the statement of cash flows.
• B) The sale will be added to Net Income on the income statement but deducted from Net Income on the statement of cash flows.
• C) The sale will not be added to Net Income on the income statement but added to Net Income on the statement of cash flows.
• D) The sale will neither be added to Net Income on the income statement nor used to adjust Net Income on the statement of cash flows.

---

Definitions:

Small Print Ads

Advertisements of a small size, typically found in newspapers or magazines, often used for job postings or announcements.

Qualified Candidates

Individuals who meet the specific requirements and criteria for a job or position, often determined through evaluations or certifications.

Employment Objective

A statement or goal related to one's career aspirations, often included in resumes to communicate job intentions to employers.

Job Application Form

A form or document filled out by job applicants providing their personal and professional details to prospective employers.