Which of the Following Entries Would Be Made as the Result

question 114

Multiple Choice

Which of the following entries would be made as the result of the revenue principle?

• A) \[\begin{array} { | l | r | r | }
• \hline \text { Service revenue } & 1,000 & \\
• \hline \text { Service revenue } & & 1,000 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | l | r | r | }
• \hline \text { Accounts receivable } & 1,000 & \\
• \hline \text { Service revenue } & & 1,000 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | l | r | r | }
• \hline \text { Salary expense } & 1,000 & \\
• \hline \text { Accounts payable } & & 1,000 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | l | r | r | }
• \hline \text { Depreciation expense } & 1,000 & \\
• \hline \text { Accumulated depreciation } & & 1,000 \\
• \hline
• \end{array}\]

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Definitions:

Racial Justice

The systematic fair treatment of people of all races, resulting in equitable opportunities and outcomes for all, addressing both the causes and effects of racism.

Color-Blind Framework

An ideological perspective that dismisses racial differences and promotes the treatment of all individuals irrespective of their racial backgrounds, often critiqued for ignoring systemic racism.

80/20 Phenomenon

A principle often referred to as the Pareto Principle, which suggests that roughly 80% of effects come from 20% of the causes.

Color-Blind Ideological Framework

An ideology that proposes race should not and does not matter, often criticized for ignoring systemic racial injustices and inequalities.