Cash for Services to Be Performed in 2017 Is Received

question 138

Multiple Choice

Cash for services to be performed in 2017 is received in 2016.Using the accrual basis of accounting,the revenue should appear on:

• A) the 2017 income statement
• B) both the 2016 and 2017 income statements
• C) neither the 2016 nor 2017 income statement
• D) the 2016 income statement

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Definitions:

Emotional Intelligence

The ability to recognize, understand, and manage one's own emotions and the emotions of others.

Relationship Management

Strategies and practices for maintaining, improving, and leveraging relationships with both current and potential clients, stakeholders, or partners.

Negative Situation

An adverse or undesirable circumstance or event that can cause stress, harm, or challenge.

Cultural Script

Implicit social norms and patterns of behavior that are learned and shared within a cultural group, guiding interactions and expectations.