TLR Consulting Keep Their Accounting Records Using the Cash Basis

question 22

Multiple Choice

TLR Consulting keep their accounting records using the cash basis.During 2014,they collected $275,000 from clients.On December 31,2013 they had accounts receivable of $50,000 and on December 31,2014 they had accounts receivable of $35,000.Additionally,they had unearned revenues of $7,000.Using the accrual basis of accounting,what did TLR Consulting earn in service fees for 2014?

• A)$253,000
• B)$267,000
• C)$283,000
• D)$297,000

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Definitions:

Nucleus Accumbens

A region in the brain involved in the reward circuit, associated with motivation, pleasure, and reinforcement learning.

Dopamine

A neurotransmitter involved in many functions including mood, sleep, learning, and the reward system.

Norepinephrine

A neurotransmitter and hormone involved in the body's fight or flight response, affecting mood and arousal.

Blood Pressure

The force exerted by circulating blood upon the walls of blood vessels, typically measured in the arteries.