On September 1, Boz Sold to Skaggs Prepaid Maintenance for $6,000

question 43

Multiple Choice

On September 1, Boz sold to Skaggs prepaid maintenance for $6,000 for six months. As of December 31, what is the amount in the Unearned Revenue account?

• A)$0
• B)$2,000
• C)$4,000
• D)$6,000

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Definitions:

Conformity

The act of matching attitudes, beliefs, and behaviors to group norms, politics, or societal expectations.

Group Members

Individuals who belong to a specific social group or organization sharing common goals, interests, or identities.

Social Influence

Group impact on others’ decisions.

Commodification

Commodification is the transformation of goods, services, ideas, or people into commodities or objects of trade, often emphasizing the market value over other values.