Robert Rogers,CPA Performed Accounting Services for a Client in December

question 25

Multiple Choice

Robert Rogers,CPA performed accounting services for a client in December.A bill was mailed to the client on December 30.Roberts received a check in the mail on January 5.The revenue principle would require that which of the following accounts appear on the income statement for the year ended December 31?

• A) Service revenue
• B) Unearned revenue
• C) Accounts payable
• D) Prepaid expense

---

Definitions:

Supercomputers

Extremely powerful computers with high computational capacity, used for complex tasks such as climate research, bullet simulations, and quantum mechanics.

Legacy Systems

Older technology systems, software, or applications that are still in use, despite the availability of newer versions.

Cloud Computing

The delivery of different services such as storage, databases, servers, networking, software, over the cloud (internet) to offer faster innovation, flexible resources, and economies of scale.

IaaS

Infrastructure as a Service (IaaS) is a cloud computing model that provides virtualized physical computing resources over the Internet, including servers, networking, and storage.